Benchmark Co. analyst Reuben Garner has maintained their bullish stance on FGI stock, giving a Buy rating yesterday.
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Reuben Garner has given his Buy rating due to a combination of factors that indicate a positive outlook for FGI Industries Ltd. Despite a temporary setback in the second quarter of 2025 caused by tariff uncertainties, the company has shown resilience by achieving a year-over-year sales increase of approximately 5.5%, driven by growth in Canada and Europe. The company’s ability to recover its order pipeline and maintain its fiscal year 2025 guidance highlights its operational strength.
FGI Industries’ strategic initiatives, such as expanding into new geographies and increasing dealer counts, have successfully countered challenges in the U.S. market. The company’s proactive approach in adjusting pricing and product focus, along with its China+1 strategy to diversify its global sourcing base, is expected to reduce risks and enhance its competitive position. These efforts, coupled with the anticipated benefits in the latter half of 2025, support the Buy rating as they are likely to contribute to sustained growth and market share gains.
According to TipRanks, Garner is a 5-star analyst with an average return of 16.1% and a 61.21% success rate. Garner covers the Industrials sector, focusing on stocks such as TopBuild, Trex Company, and Bluelinx Holdings.
In another report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $7.00 price target.