Analysts Offer Insights on Services Companies: US Auto Parts Network (PRTS) and CBS Corp (CBS)


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on US Auto Parts Network (PRTS) and CBS Corp (CBS) with bullish sentiments.

US Auto Parts Network (PRTS)

In a report released today, Gary Prestopino from Barrington maintained a Buy rating on US Auto Parts Network, with a price target of $5. The company’s shares closed yesterday at $1.02, close to its 52-week low of $0.88.

Prestopino noted:

“We calculate that private label sales declined 1.2% to $58 million, while branded product sales declined by 20% to $14 million. e-Commerce orders declined by 4.5% to 423,000, while marketplace orders increased 12% to 463,000. Total orders increased 3.4% to 886,000, while average order values fell by 9% to $80. Due to the shift to Marketplace from e-Commerce channels, consolidation of websites and reduced marketing spend on branded products, unique visitors declined to 14.2 million from 16.3 million in Q2/18. The e-Commerce conversion rate increased 28 bps to 2.98%, while revenue capture was flat at 87.8%.”

According to TipRanks.com, Prestopino ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.9% and a 42.0% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Auto Parts Network with a $5 average price target.

See today’s analyst top recommended stocks >>

CBS Corp (CBS)

In a report released today, James Goss from Barrington maintained a Buy rating on CBS Corp, with a price target of $60. The company’s shares closed yesterday at $50.82.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 9.7% and a 57.6% 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.

Currently, the analyst consensus on CBS Corp is a Strong Buy with an average price target of $64.33.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts