Analysts have been eager to weigh in on the Services sector with new ratings on Stericycle (SRCL), Servicemaster Global Holdings (SERV) and Sysco Corp (SYY).
Stericycle (SRCL)
In a report issued on November 2, David Manthey from Robert W. Baird maintained a Hold rating on Stericycle, with a price target of $56. The company’s shares opened today at $46.75, close to its 52-week low of $46.12.
According to TipRanks.com, Manthey is a 4-star analyst with an average return of 9.3% and a 66.7% success rate. Manthey covers the Services sector, focusing on stocks such as SiteOne Landscape Supply, Beacon Roofing Supply, and Wesco International.
Stericycle has an analyst consensus of Hold, with a price target consensus of $58.67, implying a 25.5% upside from current levels. In a report issued on November 2, Oppenheimer also assigned a Hold rating to the stock.
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Servicemaster Global Holdings (SERV)
In a report released today, Ian Zaffino from Oppenheimer maintained a Buy rating on Servicemaster Global Holdings, with a price target of $47. The company’s shares opened today at $42.81, close to its 52-week high of $45.64.
Zaffino commented:
“Driven by the successful turnaround efforts at Terminix and solid performance in FSG, adjusted EBITDA of $105M was in line with our estimate and beat the Street’s $101M estimate; revenues of $496M also beat our/Street’s $489M/$486M estimates. Management raised FY2018 revenue guidance to $1,885-1,900M ($1,875M-$1,890M previously), owing to the transformation efforts and performance of acquisitions at Terminix. The company reiterated adjusted EBITDA guidance of $425-435M, as it continues to invest in the business to create sustainable, long-term growth. Maintain Outperform.”
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 1.2% and a 50.6% success rate. Zaffino covers the Services sector, focusing on stocks such as Wyndham Hotels & Resorts Inc, Wyndham Destinations Inc, and frontdoor inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Servicemaster Global Holdings with a $46.33 average price target.
Sysco Corp (SYY)
BMO Capital analyst Kelly Bania maintained a Buy rating on Sysco Corp today and set a price target of $79. The company’s shares opened today at $64.56.
According to TipRanks.com, Bania is a 1-star analyst with an average return of -1.6% and a 47.6% success rate. Bania covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Performance Food Group, and The Chefs’ Warehouse.
Currently, the analyst consensus on Sysco Corp is a Moderate Buy with an average price target of $71.71, representing an 11.1% upside. In a report issued on October 22, Buckingham also initiated coverage with a Buy rating on the stock with a $82 price target.
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