Wall Street Analysts Are Neutral on Top Consumer Goods Picks

Analysts fell to the sidelines weighing in on Fortive Corp (NYSE: FTV), VF Corp (NYSE: VFC) and Colgate-Palmolive (NYSE: CL) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Fortive Corp (NYSE: FTV)

In a report released today, Jim Giannakouros from Oppenheimer reiterated a Hold rating on Fortive Corp (NYSE: FTV). The company’s shares closed yesterday at $62.32, close to its 52-week high of $63.01.

Giannakouros said:

“FTV reported adj. 1Q17 EPS of $0.60, above our/consensus $0.57E with stronger volumes (benefiting top-line and margin performance) and a favorable tax rate driving the beat. Notably, all six of FTV’s strategic platforms increased core sales (contributing to 4.9% consolidated organic growth), outpacing wide-ranging improvement in end- market trends. Given solid 1Q results, a stronger demand backdrop (in conjunction with technology-based share gains, lifting core growth outlook to L/MSD vs. LSD prior), confidence in further core OMX (>50bps for the year), and a lower anticipated tax rate, management raised FY17 adj. EPS guidance by $0.10 (to $2.68-2.78) and we revise our model accordingly.”

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 5.2% and a 62.1% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Mueller Water Products.

Fortive Corp has an analyst consensus of Moderate Buy, with a price target consensus of $66.50.

VF Corp (NYSE: VFC)

In a report released today, Sam Poser from Susquehanna reiterated a Hold rating on VF Corp (NYSE: VFC). The company’s shares closed yesterday at $57.85.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.3% and a 58.4% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Foot Locker Inc.

Currently, the analyst consensus on VF Corp is Hold and the average price target is $50.50, representing a -12.7% downside.

In a report issued on April 25, Canaccord Genuity also reiterated a Hold rating on the stock with a $53 price target.
Colgate-Palmolive (NYSE: CL)

In a report released today, Kevin Grundy from Jefferies reiterated a Hold rating on Colgate-Palmolive (NYSE: CL), with a price target of $78. The company’s shares closed yesterday at $73.30.

Grundy noted:

“CL printed a low-quality 1Q EPS beat incl. +0.5% org sales (vs. Street +2%) and <1% OI miss with GM% shortfall offset by lower SG&A. EPS of $0.67 beat Street est. of $0.66 w/below the line items a $0.02 help. FY17 org sales guide now "modestly below" CL's 4-7% range (vs. low end prior) and EPS growth of +low- single-digits reaffirmed (though we est. down ~2-4 pts on FX-neut basis given weaker USD). CL should be weak following another disappointing print in HPC. Weak topline, GM% offset by better SG&A: CL reported sales of $3.76B, -1% below Street est., notably driven by soft +0.5% org sales growth (vs. Street +2.1%). GM% of 60.7%, though up 70 bps YoY, fell 50 bps short of Street est., offset by better total SG&A (35.9% vs. Street 36.5%), driving a ~0.5% OI miss. Below-the-line items were a ~$0.02 benefit vs. our model, driving EPS of $0.67 vs. JEF/Street $0.66."

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.2% and a 69.9% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Estee Lauder Companies, and Edgewell Personal Care.

Currently, the analyst consensus on Colgate-Palmolive is Hold and the average price target is $74.67, representing a 1.9% upside.

In a report issued on April 24, RBC Capital also reiterated a Hold rating on the stock with a $74 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.