There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Carvana Co (NYSE:CVNA), American Public Education (NASDAQ:APEI) and The Hackett Group (NASDAQ:HCKT) with bullish sentiments.
Carvana Co (CVNA)
In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Carvana Co, with a price target of $50. The company’s shares closed on Friday at $45.08, close to its 52-week high of $49.87.
Prestopino said:
“We have an OUTPERFORM investment rating on the shares. Company Description Carvana Co. is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website. The Wholesale Vehicle Sales segment comprises of the proceeds from vehicles sold to wholesalers. The Other Sales and Revenue segment composes of sales of automotive finance receivable originate and sell to third parties. The company was founded on and is headquartered in Phoenix, AZ.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 12.0% and a 62.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.
Currently, the analyst consensus on Carvana Co is a Strong Buy with an average price target of $43.50, implying a -3.5% downside from current levels. In a report issued on August 1, Robert W. Baird also reiterated a Buy rating on the stock with a $53 price target.
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American Public Education (APEI)
Barrington analyst Alexander Paris maintained a Buy rating on American Public Education today and set a price target of $47. The company’s shares closed on Friday at $43.30, close to its 52-week high of $46.15.
According to TipRanks.com, Paris is a 4-star analyst with an average return of 14.2% and a 56.2% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, Capella Education Company, and Grand Canyon Education.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Public Education with a $44.33 average price target.
The Hackett Group (HCKT)
Barrington analyst Vincent Colicchio maintained a Buy rating on The Hackett Group today and set a price target of $22. The company’s shares closed on Friday at $17.99.
Colicchio noted:
“We expect Hackett to report Q2/18 non‐GAAP EPS of $0.27, which is in line with the Factset consensus of $0.27. Our EPS forecast represents year‐over‐year growth of 11% and sequential growth of 7%.”
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 3.9% and a 46.4% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
The Hackett Group has an analyst consensus of Moderate Buy, with a price target consensus of $22.
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