Analysts Offer Insights on Services Companies: Hain Celestial (NASDAQ: HAIN), Target (NYSE: TGT) and Chegg Inc (NYSE: CHGG)

By Austin Angelo

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Hain Celestial (NASDAQ: HAIN), Target (NYSE: TGT) and Chegg Inc (NYSE: CHGG).

Hain Celestial (NASDAQ: HAIN)

In a report released today, Akshay Jagdale from Jefferies reiterated a Buy rating on Hain Celestial (NASDAQ: HAIN), with a price target of $50. The company’s shares opened today at $39.53.

Jagdale wrote:

“AMC HAIN announced that the independent audit committee review was completed & found no evidence of intentional wrongdoing. The company did not release its restated financials, but we continue to believe the accounting review should result in a non-material impact on earnings. Nielsen data confirms our view that HAIN’s sales growth deceleration is transitory & that margins don’t need to be reset lower to achieve the same.”

According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 3.0% and a 52.1% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.

Hain Celestial has an analyst consensus of Moderate Buy, with a price target consensus of $45.

Target (NYSE: TGT)

BMO Capital analyst Wayne Hood reiterated a Hold rating on Target (NYSE: TGT) yesterday. The company’s shares opened today at $76.18.

According to TipRanks.com, Hood is a 5-star analyst with an average return of 12.8% and a 73.9% success rate. Hood covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Party City Holdco, and Wal-Mart Stores.

Currently, the analyst consensus on Target is Hold and the average price target is $79.20, representing a 4.0% upside.

In a report issued on November 9, Jefferies also reiterated a Hold rating on the stock with a $72 price target.
Chegg Inc (NYSE: CHGG)

BMO Capital analyst Jeffrey Silber reiterated a Buy rating on Chegg Inc (NYSE: CHGG) yesterday. The company’s shares opened today at $7.90, close to its 52-week high of $8.32.

According to TipRanks.com, Silber is a 5-star analyst with an average return of 14.2% and a 67.3% success rate. Silber covers the Services sector, focusing on stocks such as Education Management Corp., American Public Education, and Capella Education Company.

Currently, the analyst consensus on Chegg Inc is Strong Buy and the average price target is $10.17, representing a 28.7% upside.

In a report issued on November 8, Piper Jaffray also maintained a Buy rating on the stock with a $8.50 price target.