Analysts Are Bullish on These Services Stocks: ESEA, DG


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Euroseas (NASDAQ: ESEA) and Dollar General (NYSE: DG) with bullish sentiments.

Euroseas (NASDAQ: ESEA)

Maxim Group analyst James Jang maintained a Buy rating on Euroseas (NASDAQ: ESEA) today and set a price target of $3. The company’s shares closed yesterday at $2.45.

Jang observed:

“Euroseas (ESEA) spun-off its six dry bulk vessels into a separate entity, EuroDry (EDRY – NR), which will start trading on the Nasdaq starting today, May 31, 2018.”

According to TipRanks.com, Jang is a 5-star analyst with an average return of 25.5% and a 55.6% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.

Euroseas has an analyst consensus of Moderate Buy, with a price target consensus of $3.

See today’s analyst top recommended stocks >>

Dollar General (NYSE: DG)

Oppenheimer analyst Rupesh Parikh assigned a Buy rating to Dollar General (NYSE: DG) today and set a price target of $108. The company’s shares closed yesterday at $96.52.

Parikh observed:

“Earlier this morning, DG reported weaker than expected Q1:18 results, driven primarily by what appears to be a weather-induced comp shortfall. Consistent with our preview, we expected a comp and earnings shortfall, but this was greater than we envisioned. Comps increased 2.1%, below a Street figure of 3.2% and our expectation of 3.0%. We would take advantage of weakness this morning, as we expect trends to pick up post the weather-induced Q1 challenges. Management appears pleased with Q2 to date, which could suggest a pickup post weather difficulties. In a challenging food retail backdrop, we continue to prefer the dollar store chains over pure-play grocers for now.”

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.1% and a 61.7% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Dollar General is Strong Buy and the average price target is $111.13, representing a 15.1% upside.

In a report issued on May 25, UBS also reiterated a Buy rating on the stock with a $112 price target.

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