Analysts have been eager to weigh in on the Services sector with new ratings on Kar Auction Services Inc (NYSE:KAR) and Liberty LiLAC Group (NASDAQ:LILAK).
Kar Auction Services Inc (KAR)
Stephens analyst Ben Bienvenu reiterated a Hold rating on Kar Auction Services Inc today and set a price target of $60. The company’s shares opened today at $61.07, close to its 52-week high of $62.33.
According to TipRanks.com, Bienvenu is a 2-star analyst with an average return of 0.5% and a 51.1% success rate. Bienvenu covers the Services sector, focusing on stocks such as Core-Mark Holding Company, United Natural Foods, and Advance Auto Parts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kar Auction Services Inc with a $66.80 average price target, representing a 9.4% upside. In a report released today, Gabelli also downgraded the stock to Hold.
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Liberty LiLAC Group (LILAK)
In a report released today, Jeffrey Wlodarczak from Pivotal Research reiterated a Buy rating on Liberty LiLAC Group, with a price target of $26. The company’s shares opened today at $19.02, close to its 52-week low of $17.90.
Wlodarczak observed:
“We expect revenue and EBITDA y/y growth to go positive in 3Q as the PR hurricane effects dissipate and expect an optically very strong 4Q financial result (including 20+% EBITDA growth) as the company laps the unfortunate PR hurricane issues. Post results we conservatively tweaked our ’19 and beyond capex moderately higher, updated currencies and reduced our target EBITDA multiple in our DCF from 7.5 to 7.25X and moved to YE’19 target price, which led to no change in our $26 target price. LILAK STILL FEELS LIKE THE REST OF CABLE = A ’19 STORY- LILAK is poised to see a nice acceleration in results in 2H (4Q in particular as we assume they generate +20+% EBITDA growth as they comp the worst of the hurricane effects) as they begin to fully recover from the PR hurricane issues, continued strong growth at VTR and synergies/improvements at the CWC acquisition.”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 8.0% and a 56.6% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Sirius XM Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Liberty LiLAC Group with a $26 average price target.
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