Analysts have been eager to weigh in on the Services sector with new ratings on Booking Holdings Inc (BKNG) and Liberty LiLAC Group (LILAK).
Booking Holdings Inc (BKNG)
In a report issued on November 5, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Booking Holdings Inc, with a price target of $2150. The company’s shares closed yesterday at $1998.17.
Devitt commented:
“We maintain our Hold rating and $2,150. 3Q growth: Total bookings grew 14% y/y FX-adj. in 3Q to $24.3B, above the high end of the 5%-8% guided range and above our and consensus expectations. Room nights grew 13% y/y to 201mm, above guidance calling for 6%-9% growth, exceeding our 9% estimate. FX-adj. revenue increased 13% y/y, also ahead of our estimate. Adj. EBITDA of $2.36B (49% margin) also came in slightly above the high end of guidance and beat our $2.31B estimate (49% margin,) though came below the Street’s $2.39B estimate (50% margin). Non- GAAP EPS of $37.78 was above our $37.54 estimate and below consensus expectations of $38.18. The company repurchased $2.2B in shares in the quarter and $6.4B remains on the current authorization which management expects to complete within the 2-3 year time frame discussed earlier in the year.”
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 20.7% and a 67.0% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Eventbrite Inc, and Alphabet Inc.
Booking Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $2214.50, representing a 10.8% upside. In a report issued on November 6, Benchmark Co. also maintained a Hold rating on the stock.
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Liberty LiLAC Group (LILAK)
In a report released today, Jeffrey Wlodarczak from Pivotal Research reiterated a Buy rating on Liberty LiLAC Group, with a price target of $27. The company’s shares closed yesterday at $19.21.
Wlodarczak observed:
“We remind investors that LILAK will begin to comp last year’s unfortunate Puerto Rican hurricanes in 4Q (we expect ~20% 4Q overall EBITDA growth). There is a conference call to discuss these results at 9AM ET with a dial in of 888.205.6786 (passcode 647058). We do not anticipate making material changes to our model post these results.”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 7.3% and a 56.7% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Sirius XM Holdings Inc.
Liberty LiLAC Group has an analyst consensus of Moderate Buy, with a price target consensus of $27.
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