Analysts Offer Insights on Services Companies: Willdan Group (WLDN) and Hms Holdings Corp (HMSY)


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Willdan Group (NASDAQ:WLDN) and Hms Holdings Corp (NASDAQ:HMSY) with bullish sentiments.

Willdan Group (WLDN)

Canaccord Genuity analyst Chip Moore maintained a Buy rating on Willdan Group today and set a price target of $36. The company’s shares opened today at $28.65.

According to TipRanks.com, Moore is a 4-star analyst with an average return of 12.1% and a 71.9% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as SolarEdge Technologies, Renewable Energy Group, and Badger Meter.

Willdan Group has an analyst consensus of Moderate Buy, with a price target consensus of $37.50.

See today’s analyst top recommended stocks >>

Hms Holdings Corp (HMSY)

In a report released today, Richard Close from Canaccord Genuity maintained a Buy rating on Hms Holdings Corp, with a price target of $33. The company’s shares opened today at $27.15, close to its 52-week high of $29.50.

Close said:

“We reiterate our BUY rating and raise our PT to $33. For a second quarter in a row, HMS delivered better-than-expected results. The legacy business continues to deliver mid-single-digit growth as new growth drivers (Care management and engagement) grew 44% y/y on a pro forma basis. Further, investments are beginning to drive margin improvement and management indicated the benefit remains in the early innings. Key positive: 2018 guidance raised even when excluding 1x items in 1Q and 2Q. Technology investments and implementation of new processes are leading to improved backlog conversion.”

According to TipRanks.com, Close is a 5-star analyst with an average return of 15.6% and a 61.7% success rate. Close covers the Services sector, focusing on stocks such as Envision Healthcare, Evolent Health, and Premier Inc.

Currently, the analyst consensus on Hms Holdings Corp is a Moderate Buy with an average price target of $24.80, representing a -8.7% downside. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $30 price target.

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