There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Gaslog Ltd (NYSE:GLOG) and Tivity Health Inc (NASDAQ:TVTY) with bullish sentiments.
Gaslog Ltd (GLOG)
Drewry Financial analyst Santosh Gupta maintained a Buy rating on Gaslog Ltd on August 30 and set a price target of $20.50. The company’s shares closed on Friday at $16.80.
Gupta commented:
“Value and Risk methodology Disclaimer Drewry uses a simple traffic light system to rank companies under coverage according to their value and risk profiles: Value.”
Gaslog Ltd has an analyst consensus of Moderate Buy.
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Tivity Health Inc (TVTY)
In a report released today, David Styblo from Jefferies maintained a Buy rating on Tivity Health Inc, with a price target of $52. The company’s shares closed on Friday at $34.40.
Styblo noted:
“We believe TVTY’s risk/reward is attractive. With UNH’s 2019 headwind already known and more clarity on the 2H18 revenue acceleration, we see limited downside risk. Meanwhile, 2019 guidance seems to have upside. Other potential catalysts include new customer wins and capital deployment. Revenue Acceleration. One overhang on the stock is the 2H18 revenue uptick. Consensus is modeling 11.9% YoY revenue growth in 2H18, up from the 9.3% in 2Q18. That 260bps acceleration has been a concern we have been hearing from investors. However, we note 100bps of that is from easier comps due to last year’s hurricane activity. The other large contributor is stronger PRIME growth including the benefit of a new customer win (we also suspect the company will once again be running promotions for existing customers).”
Styblo has an average return of 6.8% when recommending Tivity Health Inc.
According to TipRanks.com, Styblo is ranked #717 out of 4875 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tivity Health Inc with a $46.40 average price target.
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