Wall Street Analysts Are Bullish on Top Industrial Goods Picks

view original post

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Controladora Vuela Compania de Aviacion SAB de CV (VLRSResearch Report), Lockheed Martin (LMTResearch Report) and APi Group (APGResearch Report) with bullish sentiments.

Controladora Vuela Compania de Aviacion SAB de CV (VLRS)

In a report released today, Pablo Monsivais from Barclays maintained a Buy rating on Controladora Vuela Compania de Aviacion SAB de CV, with a price target of $9.00. The company’s shares closed last Monday at $7.22.

Monsivais has an average return of 32.7% when recommending Controladora Vuela Compania de Aviacion SAB de CV.

According to TipRanks.com, Monsivais is ranked #2722 out of 8783 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Controladora Vuela Compania de Aviacion SAB de CV with a $12.92 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Lockheed Martin (LMT)

In a report released yesterday, Jason Gursky from Citi maintained a Buy rating on Lockheed Martin, with a price target of $508.00. The company’s shares closed last Monday at $453.08.

According to TipRanks.com, Gursky is a 4-star analyst with an average return of 13.7% and a 69.9% success rate. Gursky covers the Industrial Goods sector, focusing on stocks such as L3Harris Technologies, Spirit AeroSystems, and General Dynamics.

The word on The Street in general, suggests a Hold analyst consensus rating for Lockheed Martin with a $481.00 average price target, which is a 4.8% upside from current levels. In a report released yesterday, J.P. Morgan also upgraded the stock to Buy with a $518.00 price target.

APi Group (APG)

Barclays analyst Julian Mitchell maintained a Buy rating on APi Group today and set a price target of $44.00. The company’s shares closed last Monday at $39.28, close to its 52-week high of $39.98.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 14.6% and a 63.9% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker.

Currently, the analyst consensus on APi Group is a Strong Buy with an average price target of $44.29, implying an 11.0% upside from current levels. In a report issued on April 8, Citi also maintained a Buy rating on the stock with a $47.00 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.

Read More on VLRS: