There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on NV5 Holdings (NVEE) and Red Robin Gourmet (RRGB) with bullish sentiments.
NV5 Holdings (NVEE)
Maxim Group analyst Tate Sullivan maintained a Buy rating on NV5 Holdings today and set a price target of $110. The company’s shares closed yesterday at $87.78, close to its 52-week high of $92.75.
Sullivan said:
“We increase our 4Q18 EPS to $0.77 (from $0.75), 2019 EPS to $3.06 (from $3.04) and 2020 EPS to $4.07 (from $4.06) after NVEE reported 3Q18 results. 3Q18 EPS of $0.62 was slightly below our $0.64 forecast due to lower revenue than we expected from temporary delays in building work. NVEE mentioned on the earnings conference call that “power delivery” work had high double-digit organic growth, which we believe supports our view that NVEE can accelerate organic growth in 2019. We maintain our $110 price target based on 27x our 2020 GAAP EPS estimate of $4.07.”
Sullivan has an average return of 10.4% when recommending NV5 Holdings.
According to TipRanks.com, Sullivan is ranked #1916 out of 4918 analysts.
NV5 Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $103.50.
See today’s analyst top recommended stocks >>
Red Robin Gourmet (RRGB)
In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Red Robin Gourmet, with a price target of $46. The company’s shares closed yesterday at $34.89, close to its 52-week low of $30.02.
Anderson commented:
“We maintain our Buy rating and $46 price target on Red Robin Gourmet Burgers (RRGB) following the release of 3Q18 (September) results on Tuesday, November 6.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.7% and a 74.1% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Red Robin Gourmet has an analyst consensus of Hold, with a price target consensus of $39.25.
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