There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Safe Bulkers (NYSE: SB), Southwest Airlines (NYSE: LUV) and Select Medical (NYSE: SEM) with bullish sentiments.
Safe Bulkers (NYSE: SB)
In a report released today, James Jang from Maxim Group reiterated a Buy rating on Safe Bulkers (NYSE: SB), with a price target of $5.50. The company’s shares opened today at $3.04.
Jang observed:
“SB will report 1Q18 results after the close on Tues, May 29. We are expecting SB to remain in the black in 1Q18 with net revenues of $41.5M, up 30% y/y, EBITDA of $23.6M, up 51% y/y and operating EPS of $0.02 vs. $(0.07) in 1Q17.”
According to TipRanks.com, Jang is a 5-star analyst with an average return of 25.5% and a 49.4% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.
Safe Bulkers has an analyst consensus of Moderate Buy, with a price target consensus of $4.08.
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Southwest Airlines (NYSE: LUV)
Tigress Financial analyst Ivan Feinseth initiated coverage with a Buy rating on Southwest Airlines (NYSE: LUV) today. The company’s shares opened today at $51.40, close to its 52-week low of $49.76.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 18.8% and a 71.8% success rate. Feinseth covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Starbucks Corp, and Amazon.
Currently, the analyst consensus on Southwest Airlines is Strong Buy and the average price target is $69.40, representing a 35.0% upside.
In a report issued on May 14, Buckingham also maintained a Buy rating on the stock with a $68 price target.
Select Medical (NYSE: SEM)
In a report issued on May 23, Peter Costa from Wells Fargo assigned a Buy rating to Select Medical (NYSE: SEM). The company’s shares opened today at $18.20.
According to TipRanks.com, Costa is a 4-star analyst with an average return of 19.6% and a 84.4% success rate. Costa covers the Services sector, focusing on stocks such as WellCare Health Plans, Acadia Healthcare, and Universal Health.
Select Medical has an analyst consensus of Moderate Buy, with a price target consensus of $22.
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