There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Children’s Place (PLCE) and Golar LNG Limited (GLNG) with bullish sentiments.
Children’s Place (PLCE)
In a report released yesterday, Susan Anderson from B.Riley FBR reiterated a Buy rating on Children’s Place, with a price target of $167. The company’s shares opened today at $143.12.
Anderson observed:
“2018, PLCE announced the departure of CFO Wallack given PLCE has consolidated management roles. Jane Elfers will now take the lead on global product, in addition to her CEO position. Mike Scarpa will now serve as both COO and CFO. Management indicated that the consolidated management structure is intended to create greater efficiency among the senior management now that the company is in the last phase of their major systems implementations. PLCE also reported +HSD SSS for 3Q18, noted that inventory is in “great shape,” and reiterated 3Q EPS expectations. We would be aggressive buyers of PLCE on today’s pull back as we believe earnings should grow to $12/ share by 2020, which will yield an EPS CAGR of 15% over the next 3 years.”
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 6.0% and a 53.5% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Urban Outfitters.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Children’s Place with a $162 average price target.
See today’s analyst top recommended stocks >>
Golar LNG Limited (GLNG)
B.Riley FBR analyst Liam Burke maintained a Buy rating on Golar LNG Limited yesterday and set a price target of $34. The company’s shares opened today at $29.72.
Burke wrote:
“We are maintaining our Buy rating and price target of $34.00 per share on Golar LNG Limited. Results for 3Q18 reflect the improved cash flow profile of Golar LNG and we believe that they have an attractive risk/reward profile. Golar is beginning to harvest cash from improved spot rates on its consolidated fleet operations and contribution from its investments as it transitions from being primarily a transporter of liquefied natural gas (LNG) to an integrated energy provider of upstream, downstream, and midstream solutions. The long lead time for critical assets and the capital-intensive nature of natural gas delivery support increased global consumption of LNG and has created a strong basis for long-term cash generation.”
According to TipRanks.com, Burke is a 1-star analyst with an average return of -1.5% and a 43.9% success rate. Burke covers the Industrial Goods sector, focusing on stocks such as Standex International Corp, Carlisle Companies Inc, and Nordson Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Golar LNG Limited with a $35.40 average price target, which is a 19.1% upside from current levels. In a report issued on November 2, Jefferies also maintained a Buy rating on the stock with a $40 price target.
.
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.
