There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on TuanChe Limited (TC) and Payment Data Systems Inc (PYDS) with bullish sentiments.
TuanChe Limited (TC)
In a report released today, James Jang from Maxim Group maintained a Buy rating on TuanChe Limited, with a price target of $13. The company’s shares closed yesterday at $6.93.
Jang said:
“TuanChe (TC) reported 4Q18 results that were ahead of our expectations. TC reported a 93% y/y top-line gain, which was attributed to a 181% increase in the number of auto shows (851 vs. 303). Dealership model only represents 1% of total revenues in 2018, we expect the company’s ramp to continue, culminating in revenue contribution of 7% in 2019, 26% in 2020, and 40% by 2021.”
According to TipRanks.com, Jang is a 3-star analyst with an average return of 3.9% and a 42.9% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping Inc, and Nordic American Tanker.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TuanChe Limited with a $13 average price target.
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Payment Data Systems Inc (PYDS)
In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on Payment Data Systems Inc, with a price target of $4.50. The company’s shares closed yesterday at $2.83.
Diana observed:
“4Q18 revenues of $6.4M rose 14.3% y/y, but missed consensus of $6.8M, due to timing and seasonality. The timing of meaningful PayFac revenue (1H19, instead of 4Q18) was the main reason for the miss. This does not concern us, as we expect PayFac to make a material contribution in 2019. 4Q18 Adjusted EBITDA was ($0.08MM, versus consensus of ($0.04M), due to investments in PayFac and prepaid cards.”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 4.9% and a 55.9% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Payment Data Systems Inc with a $4.75 average price target, which is a 67.8% upside from current levels. In a report issued on March 26, Barrington also maintained a Buy rating on the stock with a $5 price target.
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