TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Target and Garmin
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Management also intends to consider growing its distribution and conducting opportunistic buybacks."We believe ET will generate well over $1 billion of FCF after distribution in 2024, which could be geared towards incremental growth projects or potential unit buybacks," said Akyol. Feinseth highlighted that the company's strong balance sheet and cash flow enable it to invest in new product development, make strategic acquisitions and increase shareholder returns. The analyst added that the company is boosting its investment in automotive product development, focusing on OEM partnerships with prominent auto players and rolling out new automotive specialty products.
Feinseth ranks No. 233 among more than 8,700 analysts tracked by TipRanks. His ratings have been successful 61% of the time, with each generating an average return of 12.1%. (SeeGiven a tough macroeconomic backdrop, the company is focused on improving its profitability through better inventory management and increased efficiency in its operations.
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