Analysts Are Bullish on These Financial Stocks

By Austin Angelo

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on NMI Holdings (NASDAQ: NMIH), Sunstone Hotel (NYSE: SHO) and Life Storage, Inc. (NYSE: LSI) with bullish sentiments.

NMI Holdings (NASDAQ: NMIH)

FBR Capital analyst Randy Binner reiterated a Buy rating on NMI Holdings (NASDAQ: NMIH) yesterday. The company’s shares opened today at $8.20, close to its 52-week high of $8.25.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 9.1% and a 67.0% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, National General Holdings, and Lincoln National Corp.

Currently, the analyst consensus on NMI Holdings is Strong Buy and the average price target is $8.50, representing a 3.7% upside.

In a report issued on October 24, BTIG also maintained a Buy rating on the stock with a $10 price target.
Sunstone Hotel (NYSE: SHO)

In a report released yesterday, Bryan Maher from FBR Capital reiterated a Buy rating on Sunstone Hotel (NYSE: SHO). The company’s shares opened today at $12.32.

According to TipRanks.com, Maher is a 1-star analyst with an average return of -4.9% and a 28.6% success rate. Maher covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Retail Opportunity Investments, and Ashford Hospitality Trust.

Currently, the analyst consensus on Sunstone Hotel is Moderate Buy and the average price target is $14, representing a 13.6% upside.

In a report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a $14 price target.
Life Storage, Inc. (NYSE: LSI)

In a report released today, Gaurav Mehta from Cantor Fitzgerald reiterated a Buy rating on Life Storage, Inc. (NYSE: LSI), with a price target of $108. The company’s shares opened today at $80.10, close to its 52-week low of $78.83.

Mehta observed:

“FFO/sh. -$0.05 vs. Cantor. 3Q core FFO/sh. was $1.34 vs. Cantor/consensus (FactSet) $1.39/$1.38.”

According to TipRanks.com, Mehta is a 1-star analyst with an average return of -2.3% and a 47.0% success rate. Mehta covers the Financial sector, focusing on stocks such as Ashford Hospitality Trust, Summit Hotel Properties, and Mid-America Apartment.

Currently, the analyst consensus on Life Storage, Inc. is Hold and the average price target is $104, representing a 29.8% upside.

In a report issued on October 26, BMO Capital also upgraded the stock to Buy.