Analysts’ Opinions Are Mixed on These Services Stocks: Nordic American Tanker (SIRI) and Sirius XM Holdings Inc (SIRI)


Analysts have been eager to weigh in on the Services sector with new ratings on Nordic American Tanker (NYSE: NAT) and Sirius XM Holdings Inc (NASDAQ: SIRI).

Nordic American Tanker (NYSE: NAT)

In a report released today, James Jang from Maxim Group reiterated a Sell rating on Nordic American Tanker (NYSE: NAT), with a price target of $1. The company’s shares opened today at $2.05, close to its 52-week low of $1.82.

Jang noted:

“1Q18 results were surprising as the company readjusted the carry value of its fleet in the (delayed) audited 2017 20-F filing. Lower-than-expected depreciation expense added $0.07 to 1Q18 results vs. our forecast.”

According to TipRanks.com, Jang is a 5-star analyst with an average return of 25.8% and a 48.1% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Eagle Bulk Shipping, and Navigator Holdings.

Nordic American Tanker has an analyst consensus of Moderate Sell, with a price target consensus of $1.75.

See today’s analyst top recommended stocks >>

Sirius XM Holdings Inc (NASDAQ: SIRI)

In a report released today, James Goss from Barrington assigned a Hold rating to Sirius XM Holdings Inc (NASDAQ: SIRI). The company’s shares opened today at $6.93, close to its 52-week high of $7.01.

Goss observed:

“We continue to feel Sirius XM executes one of the very best business models in our coverage. Our rating reduction at the outset of the year to MARKET PERFORM from OUTPERFORM was based on a concern that the stock would likely mark time as the increased royalty rate structure worked its way through the company’s financials. This was obviously not the case since the stock has been among our best performers YTD despite this significant headwind. Following this strong run, it is difficult to justify a return to our top investment rating based on current year financial metric expectations in which our estimates remain largely in line with corporate guidance. However, given our continued favorable view of its longer‐term prospects, we continue to watch for any meaningful pullback that can support a shift in our investment rating.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.8% and a 63.7% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Cinemark Holdings Inc, and Clear Channel Outdoor.

Currently, the analyst consensus on Sirius XM Holdings Inc is Moderate Buy and the average price target is $7, representing a 1.0% upside.

In a report issued on May 7, Buckingham also downgraded the stock to Hold with a $7.25 price target.

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