Analysts Offer Insights on Services Companies: Information Services Group (III) and GP Strategies (GPX)


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Information Services Group (III) and GP Strategies (GPX) with bullish sentiments.

Information Services Group (III)

B.Riley FBR analyst Sarkis Sherbetchyan reiterated a Buy rating on Information Services Group today and set a price target of $6.50. The company’s shares opened today at $4.43.

Sherbetchyan wrote:

“Group (III, $6.50 PT) reports 4Q results on Thursday, 3/14, and will host its quarterly earnings conference call on 9:00AM ET (dial-in: 800.239.9838, conference ID: 2251145). We forecast revenues/adjusted EBITDA/adjusted EPS of $72.0M/$10.7M/$0.12. The consensus calls for $72.7M/$10.7M/$0.12, respectively. We expect in-line 4Q results. We further anticipate management will introduce FY19 guidance. Our existing model calls for high single-digit Y/Y sales growth and modest Y/Y adjusted EBITDA margin expansion, predicated on faster growing digital solutions and recurring revenue streams, which bode well for margin expansion.”

Sherbetchyan has an average return of 3.9% when recommending Information Services Group.

According to TipRanks.com, Sherbetchyan is ranked #2637 out of 5236 analysts.

Information Services Group has an analyst consensus of Strong Buy, with a price target consensus of $5.92, implying a 33.6% upside from current levels. In a report issued on March 8, Barrington also maintained a Buy rating on the stock with a $6 price target.

See today’s analyst top recommended stocks >>

GP Strategies (GPX)

In a report released today, Zach Cummins from B.Riley FBR reiterated a Buy rating on GP Strategies, with a price target of $21. The company’s shares opened today at $14.42.

Cummins commented:

“GP Strategies (GPX) reports 4Q18 results before the market opens on and will host its earnings call later that morning at 10:00AM ET (Dial-in: 833.535.2204). Given the anticipated one-time expenses related to the acquisition of TTi Global, we suspect 4Q results will be somewhat messy. At this juncture, we believe investors are more concerned with the expected growth and margin profile in the coming year. That said, we anticipate 4Q revenues generally consistent with the Street, while adjusted EBITDA and EPS will likely be lower on a reported basis due to one-time items.”

According to TipRanks.com, Cummins is a 1-star analyst with an average return of -5.5% and a 45.7% success rate. Cummins covers the Technology sector, focusing on stocks such as ServiceSource International Inc, ChannelAdvisor, and Computer Task.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GP Strategies with a $20 average price target, implying a 38.7% upside from current levels. In a report issued on February 28, Barrington also reiterated a Buy rating on the stock with a $20 price target.

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