Analysts Offer Insights on Services Companies: Tractor Supply (TSCO) and Nielsen Holdings (NLSN)


Analysts have been eager to weigh in on the Services sector with new ratings on Tractor Supply (NASDAQ:TSCO) and Nielsen Holdings (NYSE:NLSN).

Tractor Supply (TSCO)

Oppenheimer analyst Brian Nagel maintained a Buy rating on Tractor Supply today and set a price target of $100. The company’s shares opened today at $84.29.

Nagel said:

“We look quite favorably upon the better than expected Q3 (Sept.) results and updated 2018 guidance that Tractor Supply reported early today. In Q3 (Sept.), comp sales rose an above plan 5.1%, topping even the most optimistic Street expectations. We recently lifted our price target on TSCO and reiterated our positive stance on shares. After studying latest trends at the company closely, we come away further convicted in our view that a strong and sustained top line resurgence in now underway at TSCO, owning to a number of key internal initiatives and a more accommodative macro environment. Our price target of $100 suggests another 10%+ upside in shares.”

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.7% and a 59.1% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.

Tractor Supply has an analyst consensus of Moderate Buy, with a price target consensus of $90.70, a 7.6% upside from current levels. In a report issued on October 10, Guggenheim also maintained a Buy rating on the stock with a $100 price target.

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Nielsen Holdings (NLSN)

Pivotal Research analyst Brian Wieser reiterated a Hold rating on Nielsen Holdings today and set a price target of $23. The company’s shares opened today at $25.62.

Wieser noted:

“Expected Oct. 25, 2018 BOTTOM LINE: Nielsen reported weak 3Q18 results as expected and a reiteration of most aspects of its outlook for the year. Accounting for updates to our model, including revised assumptions around cost of capital, our new price target is $23 on a YE2018 basis. Nielsen reported 3Q18 results which were soft, much as expected, with full-year guidance mostly unchanged. Watch segment revenues were up +1% on a constant currency basis with down – 2% and Marketing Effectiveness – a $400mm segment last year – down -10% on a constant currency basis, or around -12% organically. EBITDA margins for the segment fell from 46.5% to 44.6% year-over-year. Buy segment revenues were down -3% in constant currency terms with developed markets down -1%.”

According to TipRanks.com, Wieser is a 5-star analyst with an average return of 11.5% and a 75.3% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, 21st Century Fox, and Discovery Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nielsen Holdings with a $27.82 average price target.

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