There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on OncoSec Medical (ONCS) and DHT Holdings (DHT) with bullish sentiments.
OncoSec Medical (ONCS)
In a report released today, Jason McCarthy from Maxim Group maintained a Buy rating on OncoSec Medical, with a price target of $5. The company’s shares closed on Friday at $0.66, close to its 52-week low of $0.54.
McCarthy observed:
“Summary OncoSec held an investor call to provide an update on TAVO (DNA-based IL-12); melanoma (P2b ongoing), breast cancer (P2 ongoing), cervical cancer (planned 1H19) and additional indications (planned). OncoSec has over a year’s worth of cash runway and should be able to reach milestones to drive a higher valuation. All good…right? So why does valuation remain near the 52-week low? We see a “disconnect” in several areas that needs discussion, and understanding to see the potential of TAVO and the unlocked value in ONCS shares. Key areas to focus on (details below and pages 2-15):.”
According to TipRanks.com, McCarthy has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.1% and a 32.8% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as SELLAS Life Sciences Group Inc, Sonoma Pharmaceuticals Inc, and Aridis Pharmaceuticals Inc.
OncoSec Medical has an analyst consensus of Moderate Buy, with a price target consensus of $3.
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DHT Holdings (DHT)
In a report released today, James Jang from Maxim Group maintained a Buy rating on DHT Holdings, with a price target of $7.50. The company’s shares closed on Friday at $3.99.
Jang noted:
“4Q18 earnings release on Wednesday, February 6 (post-close), we are raising our 4Q18 estimates as a longer refinery maintenance season coupled with end of year stockpiling led to VLCC rates of $40,331 per vessel/ day during 4Q18, higher than our $32,335 per vessel/day forecast. Although the OPEC production cuts and slowing Venezuelan production could limit upside, we expect the start of IMO2020 enforcement to help limit the downside for crude tankers. DHT remains our favorite name within the tanker space and expect a possible tanker recovery to drive further upside during 2H19.”
According to TipRanks.com, Jang is a 3-star analyst with an average return of 1.6% and a 32.3% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Dynagas LNG Partners LP, and Nordic American Tanker.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DHT Holdings with a $6.17 average price target.
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