There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Medallion Financial (MFIN) and Condor Hospitality Trust Inc (CDOR) with bullish sentiments.
Medallion Financial (MFIN)
B.Riley FBR analyst Scott Buck maintained a Buy rating on Medallion Financial today and set a price target of $10. The company’s shares opened today at $6.41.
Buck commented:
“Medallion Financial Corp. (MFIN—Buy, $10 PT) reported softer-than-expected 3Q18 operating results with an EPS loss of $0.19 vs B Riley FBR loss of $0.07 and a positive $0.06 for the Street. Excluding the $5.3M gain related to loan sales in the quarter, core EPS is likely closer to a loss of $0.42 vs. a $0.60 loss in 2Q18. While quarterly results were shy of our estimate, the quarter included several positives highlighting the transition away from the legacy medallion lending business. This includes record operating results for Medallion Bank. Net interest income after provision turned positive in the quarter, improving $16.5M from 2Q18 levels as provisioning levels have continue to decline with the stabilization of the medallion portfolio.”
According to TipRanks.com, Buck is ranked #4080 out of 4890 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Medallion Financial with a $8.25 average price target.
See today’s analyst top recommended stocks >>
Condor Hospitality Trust Inc (CDOR)
B.Riley FBR analyst Bryan Maher maintained a Buy rating on Condor Hospitality Trust Inc yesterday and set a price target of $11. The company’s shares opened today at $9.66.
Maher observed:
“Condor released 3Q18 results yesterday that fell well short of our overall expectations. Adjusted EBITDA came in at $4.7M, below our $5.6M estimate and the consensus estimate of $5.5M, while AFFO per share came in at $0.18, below our estimate of $0.29 and the consensus estimate of $0.27. Same-property RevPAR declined 0.1%, driven by same-property ADR growth of 1.0% and an occupancy declined 1.1%. The miss to our estimates, as well as consensus, was driven by far lower top line growth than we had previously expected (15.5M in revenue vs. our estimate of $19.5M and the consensus estimate of roughly $18.1M). The company completed the disposition of its Super 8 hotel in Creston, IA, leaving only one remaining legacy hotel in the company’s portfolio, which is under contract for sale.”
According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.3% and a 48.7% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Government Properties Income Trust, and Senior Housing Properties Trust.
The word on The Street in general, suggests a Hold analyst consensus rating for Condor Hospitality Trust Inc.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
