There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Carriage Services (NYSE:CSV) and Lawson Products (NASDAQ:LAWS) with bullish sentiments.
Carriage Services (CSV)
Barrington analyst Alexander Paris reiterated a Buy rating on Carriage Services today and set a price target of $32. The company’s shares closed yesterday at $22.94, close to its 52-week low of $22.16.
Paris wrote:
“We view Carriage Services as a superior consolidation, operating and value creation investment platform and, given its growth potential and margin profile, Carriage Services clearly warrants a higher multiple than the market currently affords it. With a stronger balance sheet (enhanced by a recent recapitalization) and a goal to reduce debt to 4.0- 4.5x EBITDA, while simultaneously increasing the pace of acquisition, we are reiterating our OUTPERFORM investment rating and our 12-month price target of $32, suggesting 40% upside from current levels.”
According to TipRanks.com, Paris is a 5-star analyst with an average return of 15.4% and a 66.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.
Carriage Services has an analyst consensus of Moderate Buy, with a price target consensus of $32.
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Lawson Products (LAWS)
In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Lawson Products, with a price target of $35. The company’s shares closed yesterday at $32.50, close to its 52-week high of $33.98.
Steinke observed:
“We hosted investor meetings with Mike DeCata, CEO and Ron Knutson, CFO of Lawson Products this week. We discuss key takeaways in this note.”
According to TipRanks.com, Steinke is a 4-star analyst with an average return of 7.1% and a 64.5% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
Currently, the analyst consensus on Lawson Products is a Moderate Buy with an average price target of $35.
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