There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Kar Auction Services Inc (NYSE:KAR) and Grand Canyon Education (NASDAQ:LOPE) with bullish sentiments.
Kar Auction Services Inc (KAR)
Robert W. Baird analyst Craig Kennison maintained a Buy rating on Kar Auction Services Inc today and set a price target of $64. The company’s shares opened today at $61.07, close to its 52-week high of $61.90.
According to TipRanks.com, Kennison is a 5-star analyst with an average return of 15.9% and a 67.7% success rate. Kennison covers the Consumer Goods sector, focusing on stocks such as Thor Industries Inc, Fox Factory Holding, and MCBC Holdings.
Kar Auction Services Inc has an analyst consensus of Moderate Buy, with a price target consensus of $64.33, implying a 5.3% upside from current levels. In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $70 price target.
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Grand Canyon Education (LOPE)
In a report released today, Jeffrey Meuler from Robert W. Baird maintained a Buy rating on Grand Canyon Education, with a price target of $125. The company’s shares opened today at $120, close to its 52-week high of $122.19.
According to TipRanks.com, Meuler is a 4-star analyst with an average return of 13.2% and a 77.5% success rate. Meuler covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Adtalem Global Education Inc, and Dun & Bradstreet Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Grand Canyon Education with a $132.75 average price target, which is a 10.6% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a $130 price target.
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