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Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Academy Sports and Outdoors (ASO) and DraftKings (DKNG)

Tipranks - Thu Apr 9, 2:42AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Academy Sports and Outdoors (ASO) and DraftKings (DKNG).

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Academy Sports and Outdoors (ASO)

In a report released today, Adrienne Yih from Barclays maintained a Hold rating on Academy Sports and Outdoors, with a price target of $55.00. The company’s shares closed last Tuesday at $57.18.

According to TipRanks.com, Yih is a 4-star analyst with an average return of 3.0% and a 46.2% success rate. Yih covers the NA sector, focusing on stocks such as National Vision Holdings, Canada Goose Holdings, and Dick’s Sporting Goods. ;'>

Currently, the analyst consensus on Academy Sports and Outdoors is a Moderate Buy with an average price target of $56.10, implying a -4.2% downside from current levels. In a report issued on March 25, J.P. Morgan also maintained a Hold rating on the stock with a $60.00 price target.

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DraftKings (DKNG)

Wells Fargo analyst Trey Bowers maintained a Buy rating on DraftKings yesterday and set a price target of $31.00. The company’s shares closed last Tuesday at $22.95.

According to TipRanks.com, Bowers is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.9% and a 27.7% success rate. Bowers covers the NA sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Hilton Worldwide Holdings, and Wyndham Hotels & Resorts. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for DraftKings with a $34.83 average price target, which is a 52.1% upside from current levels. In a report issued on March 24, Goldman Sachs also maintained a Buy rating on the stock with a $31.00 price target.

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