There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on IMAX Corp (IMAX) and Usio Inc (USIO) with bullish sentiments.
IMAX Corp (IMAX)
In a report released today, James Goss from Barrington maintained a Buy rating on IMAX Corp, with a price target of $27. The company’s shares closed yesterday at $21.32.
Goss commented:
“We have always regarded this to be the case, with the IMAX brand exceptionally well known for a company of its size. This reputation is well deserved, as IMAX may only account for one screen in a multiplex, but it is the largest and most important screen that is the home of any given week’s blockbuster release and is regarded by many theatre operators as the magnet that will draw viewers to that complex for other films as well. The experience extends to the IMAX auditorium geometry and the top-quality audio and video technology that now extends to laser delivery.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 11.2% and a 62.5% 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.
IMAX Corp has an analyst consensus of Strong Buy, with a price target consensus of $30, which is a 40.7% upside from current levels. In a report issued on July 16, B.Riley FBR also reiterated a Buy rating on the stock with a $34 price target.
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Usio Inc (USIO)
Barrington analyst Gary Prestopino maintained a Buy rating on Usio Inc today and set a price target of $5. The company’s shares closed yesterday at $2.70.
Prestopino said:
“We believe the PayFac platform positions USIO to significantly scale future growth. Through PayFac, USIO is focused on driving organic growth in four large vertical markets with consistent payments streams with spending that totaled over $2.1 trillion in 2017 and include healthcare, utilities, property management and insurance.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -1.8% and a 43.6% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
Usio Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.75.
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