Analysts have been eager to weigh in on the Services sector with new ratings on Expeditors International (EXPD) and Pareteum Corp (TEUM).
Expeditors International (EXPD)
In a report issued on May 8, Jason Seidl from Cowen & Co. reiterated a Hold rating on Expeditors International, with a price target of $76. The company’s shares closed on Friday at $73.81.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 16.2% and a 73.3% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Echo Global Logistics, and Knight Transportation.
Currently, the analyst consensus on Expeditors International is a Hold with an average price target of $70.71, representing a -4.2% downside. In a report issued on May 7, Susquehanna also maintained a Hold rating on the stock with a $71 price target.
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Pareteum Corp (TEUM)
Maxim Group analyst Allen Klee maintained a Buy rating on Pareteum Corp on May 8 and set a price target of $9. The company’s shares closed on Friday at $4.36.
Klee observed:
“1Q19 460% y/y, outperformed our expectations of $20.0M and consensus of $19.2M, while adjusted EBITDA of $5.2M was up from $0.3M in 1Q18 and beat our estimate of $2.4M and consensus of $2.3M.”
According to TipRanks.com, Klee ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -13.6% and a 34.4% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pareteum Corp with a $8 average price target, representing an 83.5% upside. In a report issued on April 25, Oppenheimer also initiated coverage with a Buy rating on the stock with a $7 price target.
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