Analysts Offer Insights on Industrial Goods Companies: Austal Limited (OtherAUTLF), Rapid Micro Biosystems (RPID) and Hydrofarm Holdings Group (HYFM)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Austal Limited (AUTLF – Research Report), Rapid Micro Biosystems (RPID – Research Report) and Hydrofarm Holdings Group (HYFM – Research Report).

Austal Limited (AUTLF)

J.P. Morgan analyst Russell Gill upgraded Austal Limited to Hold yesterday and set a price target of A$2.40. The company’s shares closed last Wednesday at $1.81.

According to TipRanks.com, Gill is a 1-star analyst with an average return of -2.8% and a 36.4% success rate. Gill covers the Services sector, focusing on stocks such as Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Cleanaway Waste Management Ltd.

Austal Limited has an analyst consensus of Moderate Buy, with a price target consensus of $1.90.

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Rapid Micro Biosystems (RPID)

In a report released yesterday, Rachel Vatnsdal from J.P. Morgan upgraded Rapid Micro Biosystems to Buy. The company’s shares closed last Friday at $3.63, close to its 52-week low of $2.49.

According to TipRanks.com, Vatnsdal is a 3-star analyst with an average return of 12.4% and a 44.4% success rate. Vatnsdal covers the Healthcare sector, focusing on stocks such as Quest Diagnostics, Envista Holdings, and Twist Bioscience.

Rapid Micro Biosystems has an analyst consensus of Moderate Buy, with a price target consensus of $9.00, a 136.8% upside from current levels. In a report issued on August 16, Stifel Nicolaus also maintained a Buy rating on the stock with a $9.00 price target.

Hydrofarm Holdings Group (HYFM)

In a report released yesterday, Andrea Faria Teixeira from J.P. Morgan upgraded Hydrofarm Holdings Group to Buy. The company’s shares closed last Friday at $3.48, close to its 52-week low of $2.27.

According to TipRanks.com, Teixeira is a 1-star analyst with an average return of -1.9% and a 51.3% success rate. Teixeira covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Constellation Brands.

Currently, the analyst consensus on Hydrofarm Holdings Group is a Moderate Buy with an average price target of $5.06.

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Read More on AUTLF:

• Analysts Offer Insights on Materials Companies: Piedmont Lithium (PLL), Corteva (CTVA) and OZ Minerals Limited (OtherOZMLF)
• Analysts Offer Insights on Financial Companies: M&G Plc (OtherMGPUF), ASX Limited (OtherASXFF) and Americold Realty (COLD)
• Analysts Offer Insights on Healthcare Companies: Resmed (RMD), Neurocrine (NBIX) and Seer (SEER)
• Analysts Offer Insights on Services Companies: Trainline (OtherTNLIF), Brinker International (EAT) and Paramount Global Class B (PARA)
• Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Ulta Beauty (ULTA), Dillard’s (DDS) and Carvana Co (CVNA)