Analysts Offer Insights on Consumer Goods Companies: Electrolux AB (OtherELRXF), Shift Technologies (SFT) and Hyzon Motors (HYZN)

Analysts are pulling back from the Consumer Goods sector as 3 experts expressed today bearish sentiments on Electrolux AB (ELRXF – Research Report), Shift Technologies (SFT – Research Report) and Hyzon Motors (HYZN – Research Report).

Electrolux AB (ELRXF)

Electrolux AB received a Sell rating and a SEK135.00 price target from J.P. Morgan analyst Akash Gupta yesterday. The company’s shares closed last Tuesday at $12.00, equals to its 52-week low of $12.00.

Gupta has an average return of 0.4% when recommending Electrolux AB.

According to TipRanks.com, Gupta is ranked #7809 out of 7972 analysts.

Electrolux AB has an analyst consensus of Moderate Sell, with a price target consensus of $13.48.

See the top stocks recommended by analysts >>

Shift Technologies (SFT)

J.P. Morgan analyst Rajat Gupta CFA downgraded Shift Technologies to Sell yesterday. The company’s shares closed last Tuesday at $0.79, close to its 52-week low of $0.60.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 12.6% and a 52.5% success rate. CFA covers the Consumer Goods sector, focusing on stocks such as Group 1 Automotive, Sonic Automotive, and Lithia Motors.

Currently, the analyst consensus on Shift Technologies is a Hold with an average price target of $3.00.

Hyzon Motors (HYZN)

Hyzon Motors received a Sell rating from J.P. Morgan analyst Bill Peterson yesterday. The company’s shares closed last Tuesday at $1.97, close to its 52-week low of $1.87.

According to TipRanks.com, Peterson is a 3-star analyst with an average return of 4.1% and a 50.0% success rate. Peterson covers the Technology sector, focusing on stocks such as Archer Aviation, Joby Aviation, and Plug Power.

Hyzon Motors has an analyst consensus of Hold, with a price target consensus of $4.31.

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