Analysts expect soft sales, weak margins, and pressure on earnings to continue to restrict the upside. Consumer packaged goods manufacturers are increasing pricing to offset the cost headwinds and are focusing on innovation and cost savings to drive sales and margins. However, heightened competitive activity in the value segment, macroeconomic challenges in certain markets, and higher input and logistics costs will likely continue to hurt the financials of these companies.
Ratings and target price
Of the 19 analysts covering Kimberly-Clark stock, 11 analysts maintain a “hold,” five analysts have a “sell” rating, and three analysts recommend a “buy.” Analysts have a consensus target price of $105.56 per share on KMB stock, which indicates a downside of 5.1% based on its closing price of $111.21 on August 9.
Meanwhile, of the 24 analysts covering Procter & Gamble stock, 18 analysts suggest a “hold,” five maintain a “buy,” and one analyst has a “sell” recommendation. Analysts’ consensus target price of $83.03 per share indicates an upside of a mere 2.0% based on its closing price of $81.40.
As for Clorox stock, 12 analysts recommend a “hold,” three analysts suggest a “sell,” and two analysts maintain a “buy” rating. Analysts’ consensus target price of $134.07 per share indicates downside of 4.4% based on its closing price of $140.21 on August 9.
Among 21 analysts covering Colgate-Palmolive stock, 14 analysts recommend a “hold,” six analysts suggest a “buy,” and one analyst has a “sell” rating. Analysts’ target price of $69.21 per share indicates an upside of 5.0% to its closing price of $65.93.
In June, the Committee for Medicinal Products for Human Use recommended a favorable opinion on the approval of Puma Biotechnology’s Nerlynx.
Verizon Communications stock (VZ) closed down 2.09% on Tuesday after the leading US mobile carrier reported mixed results for the first quarter of 2019 before the market bell yesterday.
Several European auto companies want Nokia’s (NOK) patent business subjected to an antitrust probe.
The first-quarter semiconductor earnings season has begun, and the stock market is showing bullish sentiment as investors buy ahead of earnings releases.
Netflix (NFLX) is working its way through a series of price increases in several markets, including the United States and parts of Europe.
Netflix (NFLX) is aiming to add 14.6 million paying subscribers in the first six months of 2019.
Earlier today, the second-largest US automaker, Ford Motor Company (F), announced a plan to invest $500 million in Plymouth-based automotive company Rivian.