There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Career Education Corp (CECO), Cinemark Holdings Inc (CNK) and Cra Internationalinc (CRAI) with bullish sentiments.
Career Education Corp (CECO)
In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Career Education Corp, with a price target of $26. The company’s shares closed last Monday at $19.39.
Paris observed:
“We believe that combining Trident with AIU will go a long way to helping AIU get the scale it needs, as management is able to leverage the front end and generate economies of scale on the back end, to drive its operating margins higher. The acquisition of Trident is expected to be immediately accretive to CECO’s earnings after closing, expected by the end of 2019.”
According to TipRanks.com, Paris is a 1-star analyst with an average return of -0.5% and a 41.7% 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 Career Education Corp is a Moderate Buy with an average price target of $26.
See today’s analyst top recommended stocks >>
Cinemark Holdings Inc (CNK)
In a report released today, James Goss from Barrington reiterated a Buy rating on Cinemark Holdings Inc, with a price target of $49. The company’s shares closed last Monday at $39.09.
Goss said:
“We expect overall box office trends in Latin America to remain solid in Q3, with Cinemark’s international likely outperforming the domestic industry again. Chapter 2 are expected to play well in LatAm. M&A opportunities are evaluated continuously but have been rare historically. Management would rather go deeper than broader, so we would not look for entry into new markets to be a top priority. Acquisition timing is typically difficult due to family dynamics that are often primary drivers of sales.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 9.3% and a 57.9% 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 Cinemark Holdings Inc with a $44.50 average price target, which is a 13.6% upside from current levels. In a report issued on September 10, MKM Partners also maintained a Buy rating on the stock with a $43 price target.
Cra Internationalinc (CRAI)
In a report released today, Kevin Steinke from Barrington initiated coverage with a Buy rating on Cra Internationalinc and a price target of $53. The company’s shares closed last Monday at $40.41.
According to TipRanks.com, Steinke is a 3-star analyst with an average return of 3.1% and a 57.2% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cra Internationalinc with a $53 average 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.