There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Echo Global Logistics (ECHO), Franklin Covey Company (FC) and Gray Television (GTN) with bullish sentiments.
Echo Global Logistics (ECHO)
In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Echo Global Logistics, with a price target of $29. The company’s shares opened today at $20.26, close to its 52-week low of $18.83.
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -3.5% and a 36.6% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heidrick & Struggles, and Navigant Consulting.
Echo Global Logistics has an analyst consensus of Moderate Buy, with a price target consensus of $29.
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Franklin Covey Company (FC)
Barrington analyst Alexander Paris reiterated a Buy rating on Franklin Covey Company today and set a price target of $34. The company’s shares opened today at $31.04, close to its 52-week high of $31.76.
Paris wrote:
“We continue to expect a significant increase in revenue and adjusted EBITDA in FY/19 and beyond, as the large amounts of high‐profit margin deferred revenue become recognized as revenue and income.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 6.9% and a 49.8% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
Currently, the analyst consensus on Franklin Covey Company is a Moderate Buy with an average price target of $34.50.
Gray Television (GTN)
In a report released today, James Goss from Barrington maintained a Buy rating on Gray Television, with a price target of $26. The company’s shares opened today at $18.01.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 10.7% and a 55.0% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gray Television with a $26.25 average price target, which is a 45.8% upside from current levels. In a report released yesterday, Benchmark Co. also reiterated a Buy rating on the stock with a $29 price target.
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