Analysts Conflicted on These Consumer Goods Names: LegalZoom (LZ), TreeHouse Foods (THS) and Ingredion (INGR)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on LegalZoom (LZ – Research Report), TreeHouse Foods (THS – Research Report) and Ingredion (INGR – Research Report).

LegalZoom (LZ)

Barclays analyst Mario Lu upgraded LegalZoom to Buy today and set a price target of $17.00. The company’s shares closed last Tuesday at $15.35, close to its 52-week high of $15.68.

According to TipRanks.com, Lu is a 1-star analyst with an average return of -2.0% and a 53.8% success rate. Lu covers the Technology sector, focusing on stocks such as Spotify Technology SA, Activision Blizzard, and Electronic Arts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LegalZoom with a $13.07 average price target, implying a -15.8% downside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $15.00 price target.

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TreeHouse Foods (THS)

Barclays analyst Andrew Lazar assigned a Hold rating to TreeHouse Foods yesterday and set a price target of $55.00. The company’s shares closed last Tuesday at $46.86.

According to TipRanks.com, Lazar is a 4-star analyst with an average return of 5.0% and a 57.8% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and The Hershey Company.

TreeHouse Foods has an analyst consensus of Moderate Buy, with a price target consensus of $56.67, representing a 15.5% upside. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $52.00 price target.

Ingredion (INGR)

In a report released yesterday, Benjamin Theurer from Barclays reiterated a Hold rating on Ingredion, with a price target of $118.00. The company’s shares closed last Tuesday at $101.03.

According to TipRanks.com, Theurer is a 4-star analyst with an average return of 7.6% and a 59.5% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Coca Cola Femsa SAB De CV, Pilgrim’s Pride, and Hormel Foods.

Currently, the analyst consensus on Ingredion is a Moderate Buy with an average price target of $126.50.

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Read More on LZ:

• LegalZoom Reports Second Quarter 2023 Financial Results
• LegalZoom launches ‘LZ Books’ for small business owners
• LegalZoom Launches ‘LZ Books’ for Small Business Owners Seeking a Simple Accounting Solution, Built to Make Tax Time Easy
• LegalZoom to Announce Second Quarter 2023 Financial Results on Tuesday, August 8, 2023
• LegalZoom price target raised to $15 from $14 at JMP Securities