Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Methanex Corp (NASDAQ: MEOH), Owens-Illinois (NYSE: OI) and Exfo Inc (NASDAQ: EXFO)

By Jason Carr

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Methanex Corp (NASDAQ: MEOH), Owens-Illinois (NYSE: OI) and Exfo Inc (NASDAQ: EXFO).

Methanex Corp (NASDAQ: MEOH)

BMO Capital analyst Joel Jackson reiterated a Buy rating on Methanex Corp (NASDAQ: MEOH) on June 29 and set a price target of $57. The company’s shares closed yesterday at $44.05.

According to TipRanks.com, Jackson is a 4-star analyst with an average return of 5.9% and a 60.9% success rate. Jackson covers the Consumer Goods sector, focusing on stocks such as Compass Minerals International Inc, Sociedad Quimica Y Minera SA, and Israel Chemicals.

Currently, the analyst consensus on Methanex Corp is Strong Buy and the average price target is $56.75, representing a 28.8% upside.

In a report issued on June 20, Jefferies also reiterated a Buy rating on the stock with a $60 price target.
Owens-Illinois (NYSE: OI)

In a report released yesterday, Mark Wilde from BMO Capital reiterated a Hold rating on Owens-Illinois (NYSE: OI), with a price target of $20. The company’s shares closed yesterday at $23.92, close to its 52-week high of $24.08.

According to TipRanks.com, Wilde is a top 100 analyst with an average return of 13.3% and a 82.4% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, International Paper Co, and Graphic Packaging.

Currently, the analyst consensus on Owens-Illinois is Moderate Buy and the average price target is $23, representing a -3.8% downside.

In a report issued on June 15, Jefferies also reiterated a Hold rating on the stock with a $20 price target.
Exfo Inc (NASDAQ: EXFO)

In a report issued on June 29, Thanos Moschopoulos from BMO Capital reiterated a Hold rating on Exfo Inc (NASDAQ: EXFO), with a price target of $5.50. The company’s shares closed yesterday at $4.70.

According to TipRanks.com, Moschopoulos is a 4-star analyst with an average return of 7.0% and a 72.1% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as CGI Group, Open Text, and Descartes.

Currently, the analyst consensus on Exfo Inc is Moderate Buy and the average price target is $5.50, representing a 17.0% upside.

In a report released yesterday, Canaccord Genuity also reiterated a Hold rating on the stock with a $5 price target.

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