Analysts fell to the sidelines weighing in on On Deck Capital (NYSE: ONDK) and Hallmark Financial Services (NASDAQ: HALL) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
On Deck Capital (NYSE: ONDK)
In a report released yesterday, Mark Palmer from BTIG reiterated a Hold rating on On Deck Capital (NYSE: ONDK). The company’s shares closed yesterday at $5.95, close to its 52-week high of $6.36.
Palmer noted:
“Neutral On Deck Capital (ONDK) this morning released a 1Q18 report that beat consensus estimates on most metrics that matter to investors while nudging up the lower end of its guidance for FY18 gross revenue and adjusted net income. The solid report represented a step in the right direction for ONDK, which nevertheless has a ways to go until it can achieve a growth and profitability profile that would justify its current valuation, in our view.”
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 8.6% and a 58.7% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and Synchrony Financial.
Currently, the analyst consensus on On Deck Capital is Hold and the average price target is $5.75, representing a -3.4% downside.
In a report issued on May 7, Oppenheimer also maintained a Hold rating on the stock.
See today’s analyst top recommended stocks >>
Hallmark Financial Services (NASDAQ: HALL)
Boenning & Scattergood analyst Robert Farnam maintained a Hold rating on Hallmark Financial Services (NASDAQ: HALL) today. The company’s shares closed yesterday at $9.65.
Farnam commented:
“We believe the shares will react favorably on these results, but we don’t see meaningful multiple expansion until the company can show it has truly turned the corner and earnings visibility becomes clearer. We maintain our Neutral rating.”
According to TipRanks.com, Farnam is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Farnam covers the Financial sector, focusing on stocks such as Selective Insurance Group, Kingstone Companies Inc, and The Navigators Group.
Hallmark Financial Services has an analyst consensus of Hold.
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