Wall Street Analysts Are Bullish on Top Services Picks

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on National Cinemedia (NCMI) and TravelCenters (TA) with bullish sentiments.

National Cinemedia (NCMI)

Wedbush analyst Michael Pachter reiterated a Buy rating on National Cinemedia today and set a price target of $8. The company’s shares closed yesterday at $6.92.

According to TipRanks.com, Pachter is a 2-star analyst with an average return of 0.2% and a 50.8% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Amazon.com Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for National Cinemedia with a $8.88 average price target, a 28.3% upside from current levels. In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a $9.75 price target.

See today’s analyst top recommended stocks >>

TravelCenters (TA)

B.Riley FBR analyst Bryan Maher maintained a Buy rating on TravelCenters yesterday and set a price target of $34. The company’s shares closed yesterday at $15.52, close to its 52-week high of $17.39.

Maher wrote:

“TravelCenters of America (TA) posted 2Q19 results that came in below expectations. $0.15 came in below the consensus estimate of $0.63, while adjusted EBITDA of $31.2M was below our $43.0M estimate and the consensus estimate of $40.1M. The primary reason for the miss to our estimates was a combination of lighter-than-expected revenue growth ($1,597.4M total revenue vs. our estimate of $1,569.4M), mainly due to subpar truck servicing business, combined with higher-than-expected COGS ($1,228.3M vs. our estimate of $1,189.9M). In addition, SG&A expense of $39.6M was materially above our $35.6M estimate.”

According to TipRanks.com, Maher is a 4-star analyst with an average return of 7.4% and a 51.1% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Senior Housing Properties Trust, and Office Properties Income Trust.

TravelCenters has an analyst consensus of Moderate Buy, with a price target consensus of $34.

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