Companies in the Services sector have received a lot of coverage today as analysts weigh in on Cimpress (NASDAQ:CMPR) and Cambium Learning Group (NASDAQ:ABCD).
Cimpress (CMPR)
SunTrust Robinson analyst Youssef Squali reiterated a Hold rating on Cimpress today and set a price target of $155. The company’s shares opened today at $139.22.
Squali commented:
“We expect FCF growth to be strong in FY19, though we note the company will always trade NT FCF for LT SSFC if attractive investments are identified.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 22.1% and a 71.2% success rate. Squali covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, Stitch Fix Inc, and Trade Desk Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Cimpress with a $143.33 average price target.
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Cambium Learning Group (ABCD)
In a report released today, Kevin Liu from B.Riley FBR maintained a Buy rating on Cambium Learning Group, with a price target of $15.50. The company’s shares opened today at $11.68.
Liu commented:
“Cambium Learning Group (ABCD) reported solid 2Q results, with bookings, revenues, and adjusted EBITDA modestly above our estimates. EPS were a penny lower than modeled due to one-time expenses, but cash income per share beat our projection by $0.07. A higher- than-anticipated contribution from the Learning A-Z (LAZ) and Voyager Sopris Learning (VSL) segments drove the upside; results from the ExploreLearning (EL) segment were in line. The 26% Y/Y increase in LAZ bookings was particularly encouraging, given the slow start to the year; and it was highlighted by a $1.8M Science A-Z win with Broward County Public Schools. Reflecting investments in customer support, as well as a higher mix of professional development and implementation services in the LAZ segment, the gross margin was below our assumption.”
According to TipRanks.com, Liu is a 5-star analyst with an average return of 12.5% and a 63.1% success rate. Liu covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and American Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cambium Learning Group with a $15.50 average price target.
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