There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Resonant (RESN – Research Report) and Renewable Energy Group (REGI – Research Report) with bullish sentiments.
In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on Resonant, with a price target of $4.00. The company’s shares closed last Monday at $2.15.
According to TipRanks.com, Dede is ranked 0 out of 5 stars with an average return of -19.5% and a 27.7% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as The Alkaline Water Company, Microvision, and eMagin.
Currently, the analyst consensus on Resonant is a Moderate Buy with an average price target of $4.25.
Renewable Energy Group (REGI)
Renewable Energy Group received a Buy rating and a $35.00 price target from H.C. Wainwright analyst Amit Dayal today. The company’s shares closed last Monday at $17.26.
According to TipRanks.com, Dayal is a 2-star analyst with an average return of 0.4% and a 41.6% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Westport Fuel Systems, AgroFresh Solutions, and Enphase Energy.
Currently, the analyst consensus on Renewable Energy Group is a Strong Buy with an average price target of $34.50.
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