.jpg "GP Strategies (NYSE: GPX)")
There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on GP Strategies (NYSE: GPX) and IMAX Corp (NYSE: IMAX) with bullish sentiments.
GP Strategies (NYSE: GPX)
In a report released today, Alexander Paris from Barrington reiterated a Buy rating on GP Strategies (NYSE: GPX), with a price target of $30. The company’s shares opened today at $20.80, close to its 52-week low of $20.30.
Paris observed:
“We are optimistic about the recent changes in management and corporate structure. With the global offices in place, the company plans to execute on domestic and global initiatives within the automotive, financial services, pharmaceutical and professional & technical sectors, in deliverables such as administrative outsourcing, content development, SuccessFactors implementation/cross‐selling, and leadership training. Given its improving organic growth prospects, a resumption of tuck‐in acquisition activity (GPX is targeting acquisitions with combined annual revenues of $40‐50 million in 2018, up from less than $30 million in 2017) and an expanded share repurchase program (recently increased by $10 million), we are reiterating our OUTPERFORM investment rating and our 12‐month price target of $30.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 11.5% and a 53.9% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Capella Education Company.
GP Strategies has an analyst consensus of Strong Buy, with a price target consensus of $29.33.
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IMAX Corp (NYSE: IMAX)
In a report released today, James Goss from Barrington maintained a Buy rating on IMAX Corp (NYSE: IMAX), with a price target of $30. The company’s shares opened today at $24.
Goss noted:
“We are encouraged by new opportunities in the core business line such as greater flexibility in screen usage, reduced screening periods for individual films within a larger number of titles and experimentation with reseating options. Attention to the cost structure is also an important priority. Company Description IMAX Corp. is an entertainment technology company, which focuses in motion picture technologies and presentations. It operates through following business segments: IMAX systems; Theater System Maintenance; Joint Revenue Sharing Arrangements; Film Production and IMAX DMR; Film Distribution; Film Post‐Production; and Other. The IMAX systems segment designs, manufactures, sells or leases IMAX theater projection system equipment. The Theater System Maintenance segment maintains IMAX theater projection system equipment in the IMAX theater network.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.7% and a 59.3% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.
Currently, the analyst consensus on IMAX Corp is Strong Buy and the average price target is $29.11, representing a 21.3% upside.
In a report issued on April 27, Benchmark Co. also upgraded the stock to Buy with a $28 price target.
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