Analysts have been eager to weigh in on the Services sector with new ratings on Safe Bulkers (SB), Laureate Education Inc (LAUR) and Texas Roadhouse (TXRH).
Safe Bulkers (SB)
In a report released today, James Jang from Maxim Group reiterated a Buy rating on Safe Bulkers, with a price target of $3.50. The company’s shares closed yesterday at $1.68, close to its 52-week low of $1.48.
Jang commented:
“Safe Bulkers (SB) reported generally in-line 4Q18 results with revenue of $51.1M, EBITDA of $29.1M, and operating EPS of $0.07. Lowering price target to $3.50, from $6, as we expect minimal (~3%) asset value appreciation by the end of 2020. However, our new price target still represents a significant (+119%) upside. SB reported a newbuild resale vessel purchase slated for delivery during 1H20. Once delivered SB will operate 42 vessels. Revising estimates ongoing U.S.-China trade war and slowdown in Chinese seaborne coal demand in 1H19 limits upside in our view. However, we expect rates in 2020 to rebound due to the upcoming IMO2020 regulations.”
According to TipRanks.com, Jang is a 3-star analyst with an average return of 3.3% and a 34.8% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping Inc, and Nordic American Tanker.
Currently, the analyst consensus on Safe Bulkers is a Moderate Buy with an average price target of $3.17.
See today’s analyst top recommended stocks >>
Laureate Education Inc (LAUR)
In a report released today, Alexander Paris from Barrington maintained a Buy rating on Laureate Education Inc, with a price target of $20. The company’s shares closed yesterday at $14.80.
According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.6% and a 53.1% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Franklin Covey Company, and Grand Canyon Education.
Laureate Education Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.
Texas Roadhouse (TXRH)
Maxim Group analyst Stephen Anderson maintained a Hold rating on Texas Roadhouse today and set a price target of $66. The company’s shares closed yesterday at $65.56.
Anderson wrote:
“We maintain our Hold rating and $66 price target on Texas Roadhouse (TXRH) following yesterday’s release of 4Q18 (December) results.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 11.0% and a 68.1% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Texas Roadhouse has an analyst consensus of Moderate Buy, with a price target consensus of $67, which is a 2.2% upside from current levels. In a report issued on February 11, Wedbush also maintained a Hold rating on the stock with a $62 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
