Analysts Offer Insights on Financial Companies: On Deck Capital Inc (ONDK), Hersha Hospitality Trust (HT) and Concrete Pumping Holdings Inc (BBCP)


Companies in the Financial sector have received a lot of coverage today as analysts weigh in on On Deck Capital Inc (ONDK), Hersha Hospitality Trust (HT) and Concrete Pumping Holdings Inc (BBCP).

On Deck Capital Inc (ONDK)

B.Riley FBR analyst Scott Buck assigned a Buy rating to On Deck Capital Inc today and set a price target of $12. The company’s shares opened today at $5.63, close to its 52-week low of $5.09.

Buck commented:

“Buy-rated OnDeck Capital (ONDK) is scheduled to report 1Q19 operating results before the market open on a conference call at 8:00am ET (dial-in: #6334149). We are currently modeling 1Q19 EPS of $0.13, above the a relatively tight range ($0.09 to $0.13). Given what has been a quiet quarter in terms of news, we are leaving the quarter, and our 2019 and 2020 estimates unchanged at this time. We expect investor attention to be heavily focused on origination demand, small business credit trends, and any changes to the company’s full-year operating guidance. If 2018 is any indication, ONDK shares have responded very favorably to positive changes in guidance with shares up 24% after 2Q18 results and 32% after 3Q18 results, respectively.”

According to TipRanks.com, Buck is ranked #4254 out of 5199 analysts.

The the analyst consensus on On Deck Capital Inc is currently a Hold rating.

See today’s analyst top recommended stocks >>

Hersha Hospitality Trust (HT)

B.Riley FBR analyst Bryan Maher maintained a Hold rating on Hersha Hospitality Trust yesterday and set a price target of $19. The company’s shares opened today at $18.50.

Maher commented:

“Hersha Hospitality (HT) reported 1Q19 results that were largely above expectations. AFFO/share came in at $0.15, above our/consensus estimate of $0.14. Adjusted EBITDA came in at $26.9M, also above our estimate of $25.7M and the consensus estimate of $26.1M. RevPAR growth at the company’s 37 comparable hotels was 2.0%, driven by a 1.0% ADR decline, offset by a 235 bps increase in occupancy. RevPAR growth was primarily driven by strong performance from the company’s Philadelphia and Boston hotels, which posted RevPAR growth of 16.4% and 3.8%, respectively. Excluding the company’s Manhattan properties comparable RevPAR grew 4.4%, compared to total U.S. RevPAR growth of 1.5% in 1Q19.”

According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.0% and a 50.7% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Senior Housing Properties Trust, and Office Properties Income Trust.

Hersha Hospitality Trust has an analyst consensus of Moderate Sell, with a price target consensus of $18.33.

Concrete Pumping Holdings Inc (BBCP)

B.Riley FBR analyst Alex Rygiel reiterated a Buy rating on Concrete Pumping Holdings Inc yesterday and set a price target of $12. The company’s shares opened today at $6.75, close to its 52-week low of $6.30.

Rygiel wrote:

“Earlier this morning (4/29), Concrete Pumping Holdings (BBCP) announced the completion of its previously announced warrant exchange offering for both its Offer and Consent Solicitation. The company has issued 3.8M shares of common stock for 21.1M warrants outstanding associated with the Offer. However, the company failed to reach consent from a minimum of 65% of its public warrant holders, and as such, the Warrant Amendment was not approved and approximately 13M warrants will remain outstanding. In our opinion, this represents the first step by management to improve its capital structure, reduce future warrant dilution and uncertainty, and create greater financial flexibility in future.”

According to TipRanks.com, Rygiel is a 4-star analyst with an average return of 7.6% and a 57.5% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Tutor Perini Corp, and Quanta Services.

Concrete Pumping Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $12.

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