Analysts have been eager to weigh in on the Services sector with new ratings on Wesco Aircraft (WAIR) and Catasys (CATS).
Wesco Aircraft (WAIR)
Cowen & Co. analyst Gautam Khanna maintained a Hold rating on Wesco Aircraft today and set a price target of $9. The company’s shares opened today at $8.06, close to its 52-week low of $7.55.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 11.4% and a 72.4% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Currently, the analyst consensus on Wesco Aircraft is a Hold with an average price target of $10.
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Catasys (CATS)
Oppenheimer analyst Mohan Naidu initiated coverage with a Buy rating on Catasys today and set a price target of $16. The company’s shares opened today at $12.26.
Naidu observed:
“Catasys’ proprietary process to identify members with undiagnosed behavioral/ mental health issues and engage them is starting to gain traction. We believe this timely offering coupled with the rising awareness of mental health issues and health plans’ appetite, positions CATS well in the near future. CATS’ success with identifying, engaging appropriate members and delivering ROI (we estimate 2.8x) has opened the doors at the largest health plans (seven of eight top health plans). Our checks suggest likelihood of expansions across its customer base as they evaluate ROI and meet actuarial hurdles. We believe risk-reward is favorable as the company navigates the pains of scaling its offerings, technology transition and predictability of its numbers, while keeping the competition at bay. Initiating with Outperform, $16PT.”
According to TipRanks.com, Naidu is a 5-star analyst with an average return of 11.0% and a 55.1% success rate. Naidu covers the Services sector, focusing on stocks such as Tivity Health Inc, Evolent Health, and Premier Inc.
Currently, the analyst consensus on Catasys is a Moderate Buy with an average price target of $16.
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