There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Health Insurance Innovations (NASDAQ:HIIQ), Select Income (NASDAQ:SIR) and Jernigan Capital (NYSE:JCAP) with bullish sentiments.
Health Insurance Innovations (HIIQ)
B.Riley FBR analyst Randy Binner reiterated a Buy rating on Health Insurance Innovations today and set a price target of $60. The company’s shares opened today at $47.41.
Binner said:
“Health Insurance Innovations (HIIQ – Buy, $60 PT) announced 3Q18 operating EPS of $0.61, versus B. Riley FBR and consensus estimates of $0.57/$0.59; 3Q18 revenues were $74.0M, vs. our forecast of $75.3M. Adjusted EBITDA were $14.0M, ahead of our $13.1M. The company incrementally raised revenue, EBITDA, and EPS guidance for 2018, to $294M–$304M, $56M– $59M, and $2.47–$2.57, respectively. We maintain our Buy rating, given the in-line 3Q18 result and upside we expect from a number of policy tailwinds. The ongoing multistate, market- conduct exam remains an overhang, but it appears there have been recent discussions and that HIIQ has accrued for any potential financial impact from this. This will be a focus point for us on the quarterly conference call.”
According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.9% and a 64.1% success rate. Binner covers the Financial sector, focusing on stocks such as Prudential Financial Inc, Lincoln National Corp, and Maiden Holdings Ltd.
Currently, the analyst consensus on Health Insurance Innovations is a Strong Buy with an average price target of $66.50, representing a 40.3% upside. In a report released today, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $65 price target.
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Select Income (SIR)
In a report released today, Bryan Maher from B.Riley FBR reiterated a Buy rating on Select Income, with a price target of $28. The company’s shares opened today at $19.48.
Maher wrote:
“Select Income REIT (SIR) reported 3Q18 results that were largely above expectations. $0.63 was above our $0.53 estimate and the consensus estimate of $0.60. Adjusted EBITDA was $87.9M, above our $81.3M estimate and the consensus estimate of $78.9M. Total revenue was $121.9M, above our $116.3M estimate. The beat to our estimates was primarily driven by higher than expected rental income from the SIR standalone properties (excluding the influence of ILPT on SIR’s consolidated results), which included ~$2.0M of prior period rent from one previously delinquent tenant, combined with lower-than-expected interest expense.”
According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.4% and a 50.8% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Government Properties Income Trust, and Senior Housing Properties Trust.
Select Income has an analyst consensus of Moderate Buy, with a price target consensus of $26.
Jernigan Capital (JCAP)
In a report released today, Timothy P. Hayes from B.Riley FBR reiterated a Buy rating on Jernigan Capital, with a price target of $26. The company’s shares opened today at $19.74.
Hayes wrote:
“We reiterate our Buy rating and $26 price target on shares of Jernigan Capital (JCAP) following the company’s announcement that its founder, Dean Jernigan, would be stepping down as CEO—a move that is in line with Mr. Jernigan’s succession planning that began in late 2016. Mr. Jernigan will be replaced by the company’s chief operating officer (COO), John Good, who has been with the company since June 2015 and has been integral to the company’s growth and success over the past several years. JCAP also announced that Johnathan Perry has been promoted to president and chief investment officer (CIO). With Mr. Jernigan maintaining his role on the investment committee, and as chairman of the board, we believe little will actually change going forward. We fully expect Mr.”
According to TipRanks.com, Hayes is a 3-star analyst with an average return of 4.4% and a 65.7% success rate. Hayes covers the Financial sector, focusing on stocks such as Ready Capital Corporation, Cherry Hill Mortgage, and Main Street Capital.
Currently, the analyst consensus on Jernigan Capital is a Moderate Buy with an average price target of $24.50.
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