Analysts Are Bullish on These Industrial Goods Stocks: China Merchants Port Holdings Co (CMHHF), Saia (SAIA)

view original post

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on China Merchants Port Holdings Co (CMHHFResearch Report), Saia (SAIAResearch Report) and Illinois Tool Works (ITWResearch Report) with bullish sentiments.

China Merchants Port Holdings Co (CMHHF)

J.P. Morgan analyst Shawn Ng Jun Jie maintained a Buy rating on China Merchants Port Holdings Co on June 6 and set a price target of HK$14.00. The company’s shares closed last Friday at $1.56.

According to TipRanks.com, Jie is ranked #2536 out of 8883 analysts.

China Merchants Port Holdings Co has an analyst consensus of Moderate Buy, with a price target consensus of $1.68, implying a -2.3% downside from current levels. In a report issued on June 3, UBS also upgraded the stock to Buy with a HK$15.40 price target.

See Insiders’ Hot Stocks on TipRanks >>

Saia (SAIA)

J.P. Morgan analyst Brian Ossenbeck maintained a Buy rating on Saia on June 7 and set a price target of $578.00. The company’s shares closed last Friday at $445.70.

According to TipRanks.com, Ossenbeck is a 4-star analyst with an average return of 6.9% and a 45.6% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Expeditors International, and Knight Transportation.

Saia has an analyst consensus of Moderate Buy, with a price target consensus of $524.42, which is a 17.4% upside from current levels. In a report issued on May 24, Stifel Nicolaus also upgraded the stock to Buy with a $475.00 price target.

Illinois Tool Works (ITW)

In a report issued on June 5, Tami Zakaria from J.P. Morgan maintained a Buy rating on Illinois Tool Works, with a price target of $275.00. The company’s shares closed last Friday at $240.42.

According to TipRanks.com, Zakaria is a 5-star analyst with an average return of 19.7% and a 64.1% success rate. Zakaria covers the Industrial Goods sector, focusing on stocks such as Atmus Filtration Technologies, Inc., Custom Truck One Source, and Archer Daniels Midland.

The word on The Street in general, suggests a Hold analyst consensus rating for Illinois Tool Works with a $257.18 average price target.

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 CMHHF: