Analysts have been eager to weigh in on the Services sector with new ratings on Group 1 Automotive (NYSE:GPI) and Forward Air Corp (NASDAQ:FWRD).
Group 1 Automotive (GPI)
In a report released today, Rick Nelson from Stephens reiterated a Hold rating on Group 1 Automotive, with a price target of $95. The company’s shares opened today at $68.96.
According to TipRanks.com, Nelson is a 4-star analyst with an average return of 20.7% and a 67.3% success rate. Nelson covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Camping World Holdings, and Dick’s Sporting Goods.
Currently, the analyst consensus on Group 1 Automotive is a Moderate Sell with an average price target of $95.
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Forward Air Corp (FWRD)
In a report released today, Jack Atkins from Stephens reiterated a Buy rating on Forward Air Corp, with a price target of $70. The company’s shares opened today at $62.41, close to its 52-week high of $64.80.
According to TipRanks.com, Atkins is a 3-star analyst with an average return of 6.1% and a 64.3% success rate. Atkins covers the Services sector, focusing on stocks such as Expeditors International, Southwest Airlines, and United Continental.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Forward Air Corp with a $69 average price target, implying a 10.6% upside from current levels. In a report released today, Robert W. Baird also reiterated a Buy rating on the stock with a $68 price target.
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