.jpg "Grand Canyon Education (NASDAQ: LOPE)")
There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Grand Canyon Education (NASDAQ: LOPE) and CBS Corp (NYSE: CBS) with bullish sentiments.
Grand Canyon Education (NASDAQ: LOPE)
In a report released today, Alexander Paris from Barrington maintained a Buy rating on Grand Canyon Education (NASDAQ: LOPE). The company’s shares opened today at $106.84, close to its 52-week high of $111.41.
Paris noted:
“We believe this deal will be beneficial to long‐term shareholders as it would de‐risk LOPE as an investment (LOPE would no longer own a regulated postsecondary education institution) and position the new entity to trade more in line with other education technology providers. Post transition, LOPE will be a smaller company (60% of GCU’s revenue), higher margin, faster growing (as it adds university partners) and significantly less regulated, allowing for potential multiple expansion.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 11.6% and a 59.2% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Capella Education Company.
Grand Canyon Education has an analyst consensus of Strong Buy, with a price target consensus of $112.
See today’s analyst top recommended stocks >>
CBS Corp (NYSE: CBS)
In a report released today, James Goss from Barrington maintained a Buy rating on CBS Corp (NYSE: CBS), with a price target of $73. The company’s shares opened today at $54.37.
Goss said:
“We earlier observed that while it may not be unique, it is at least extremely rare that a single party has overwhelming voting control of both major, publicly‐traded companies on both sides of a potential combination transaction. This is certainly so when the parties are not in alignment as to reasonable proposed terms, management structure and even whether a combination makes sense. CBS raises the fiduciary responsibility issue that could have the potential to color attitudes toward potential outcomes and execution elements. The CBS Board is proposing to issue a stock dividend that would not change any parties’ economic interests, but would dilute the National Amusements voting control to 17%, creating a more equitable balance among holders.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.8% and a 63.1% 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 CBS Corp is Moderate Buy and the average price target is $69.89, representing a 28.5% upside.
In a report issued on May 4, Benchmark Co. also maintained a Buy rating on the stock with a $90 price target.
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