Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Are Bullish on These Consumer Goods Stocks: Turning Point Brands (TPB), Performance Food Group (PFGC)

Tipranks - Sat May 9, 6:36AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Turning Point Brands (TPB), Performance Food Group (PFGC) and Primo Brands (PRMB) with bullish sentiments.

Claim 55% Off TipRanks

Turning Point Brands (TPB)

Alliance Global Partners analyst Aaron Grey reiterated a Buy rating on Turning Point Brands today and set a price target of $130.00. The company’s shares closed last Thursday at $90.22.

According to TipRanks.com, Grey ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.5% and a 36.7% success rate. Grey covers the Consumer Goods sector, focusing on stocks such as Village Farms International, Natural Grocers, and Honest Company. ;'>

Turning Point Brands has an analyst consensus of Strong Buy, with a price target consensus of $130.00, implying a 49.3% upside from current levels. In a report released today, Needham also upgraded the stock to Buy with a $125.00 price target.

See the top stocks recommended by analysts >>

Performance Food Group (PFGC)

Guggenheim analyst John Heinbockel reiterated a Buy rating on Performance Food Group today and set a price target of $115.00. The company’s shares closed last Thursday at $92.71.

According to TipRanks.com, Heinbockel is a 4-star analyst with an average return of 9.9% and a 59.2% success rate. Heinbockel covers the Consumer Goods sector, focusing on stocks such as United Natural Foods, US Foods Holding, and Kroger Company. ;'>

Currently, the analyst consensus on Performance Food Group is a Strong Buy with an average price target of $123.00, a 33.3% upside from current levels. In a report issued on May 6, Barclays also maintained a Buy rating on the stock with a $105.00 price target.

Primo Brands (PRMB)

In a report released today, Nik Modi from RBC Capital maintained a Buy rating on Primo Brands, with a price target of $28.00. The company’s shares closed last Thursday at $22.24.

According to TipRanks.com, Modi is ranked 0 out of 5 stars with an average return of -3.4% and a 46.6% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Edgewell Personal Care. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Primo Brands with a $26.50 average price target, a 26.2% upside from current levels. In a report issued on May 1, TipRanks – Google also upgraded the stock to Buy with a $22.50 price target.

Read More on TPB:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.