Analysts Offer Insights on Services Companies: Live Nation Entertainment (NYSE: LYV), Gap (NYSE: GPS) and Pra Group (NASDAQ: PRAA)

By Austin Angelo

Analysts have been eager to weigh in on the Services sector with new ratings on Live Nation Entertainment (NYSE: LYV), Gap (NYSE: GPS) and Pra Group (NASDAQ: PRAA).

Live Nation Entertainment (NYSE: LYV)

Live Nation Entertainment (NYSE: LYV) received a Buy rating from Stephens analyst Kyle Evans today. The company’s shares closed yesterday at $27.69, close to its 52-week high of $28.20.

According to TipRanks.com, Evans is a 2-star analyst with an average return of 0.2% and a 50.0% success rate. Evans covers the Services sector, focusing on stocks such as Entercom Communications, Townsquare Media, and Gannett Co.

Live Nation Entertainment has an analyst consensus of Strong Buy.

Gap (NYSE: GPS)

Mizuho Securities analyst Betty Chen reiterated a Hold rating on Gap (NYSE: GPS) today and set a price target of $26. The company’s shares closed yesterday at $26.97.

According to TipRanks.com, Chen is ranked 0 out of 5 stars with an average return of -8.2% and a 38.1% success rate. Chen covers the Services sector, focusing on stocks such as Abercrombie Fitch, Children’s Place, and Urban Outfitters.

Currently, the analyst consensus on Gap is Hold and the average price target is $21.50, representing a -20.3% downside.

In a report issued on November 2, FBR Capital also reiterated a Hold rating on the stock.
Pra Group (NASDAQ: PRAA)

In a report released today, Robert Dodd from Raymond James downgraded Pra Group (NASDAQ: PRAA) to Hold. The company’s shares closed yesterday at $31.05.

According to TipRanks.com, Dodd is a 4-star analyst with an average return of 4.5% and a 64.1% success rate. Dodd covers the Financial sector, focusing on stocks such as Hercules Technology Growth Capital, Fidus Investment Corporation, and Apollo Investment Corp.

Pra Group has an analyst consensus of Moderate Buy.