Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: QuantumScape (QS), Avery Dennison (AVY) and Carnival (CCL)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on QuantumScape (QS – Research Report), Avery Dennison (AVY – Research Report) and Carnival (CCL – Research Report).

QuantumScape (QS)

In a report released today, Jordan Levy from Truist Financial maintained a Hold rating on QuantumScape. The company’s shares closed last Wednesday at $6.22, close to its 52-week low of $4.99.

According to TipRanks.com, Levy has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -15.3% and a 32.1% success rate. Levy covers the Technology sector, focusing on stocks such as Sunnova Energy International, Shoals Technologies Group, and NEXTracker, Inc. Class A.

Currently, the analyst consensus on QuantumScape is a Moderate Sell with an average price target of $6.13.

See the top stocks recommended by analysts >>

Avery Dennison (AVY)

Truist Financial analyst Michael Roxland maintained a Buy rating on Avery Dennison today. The company’s shares closed last Wednesday at $224.24, equals to its 52-week high of $224.24.

According to TipRanks.com, Roxland is a 4-star analyst with an average return of 12.0% and a 67.7% success rate. Roxland covers the NA sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and Berry Global Group.

Avery Dennison has an analyst consensus of Moderate Buy, with a price target consensus of $225.56, representing a 2.5% upside. In a report released today, Loop Capital Markets also maintained a Buy rating on the stock with a $247.00 price target.

Carnival (CCL)

Truist Financial analyst Patrick Scholes maintained a Hold rating on Carnival today. The company’s shares closed last Wednesday at $17.19.

According to TipRanks.com, Scholes is a 5-star analyst with an average return of 9.7% and a 58.8% success rate. Scholes covers the NA sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Hilton Worldwide Holdings, and Wyndham Hotels & Resorts.

Carnival has an analyst consensus of Strong Buy, with a price target consensus of $20.36.

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 QS:

• Quantumscape call volume above normal and directionally bullish
• Morgan Stanley upgrades U.S. auto industry view to Attractive from In-Line
• QuantumScape price target raised to $8 from $5 at Baird
• QuantumScape Announces Leadership Transition and New CEO
• QuantumScape reports Q4 EPS (23c), consensus (34c)