Analysts Offer Insights on Services Companies: Nord Anglia Education (NYSE: NORD), Tsakos Energy (NYSE: TNP) and Six Flags (NYSE: SIX)

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Nord Anglia Education (NYSE: NORD), Tsakos Energy (NYSE: TNP) and Six Flags (NYSE: SIX) with bullish sentiments.

Nord Anglia Education (NYSE: NORD)

In a report released today, Trace Urdan from Credit Suisse reiterated a Buy rating on Nord Anglia Education (NYSE: NORD), with a price target of $28. The company’s shares opened today at $23.97, close to its 52-week high of $24.34.

According to TipRanks.com, Urdan is a 4-star analyst with an average return of 8.8% and a 64.2% success rate. Urdan covers the Services sector, focusing on stocks such as New Oriental Education Tech, Education Management Corp., and American Public Education.

Currently, the analyst consensus on Nord Anglia Education is Strong Buy and the average price target is $25, representing a 4.3% upside.

In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock.
Tsakos Energy (NYSE: TNP)

In a report released yesterday, Gregory Lewis from Credit Suisse reiterated a Buy rating on Tsakos Energy (NYSE: TNP), with a price target of $8. The company’s shares opened today at $4.49, close to its 52-week low of $3.92.

Lewis noted:

“We expect TNP to fund the ~$290M in remaining CAPEX primarily with debt ($224M has already been secured). Right, but… TNP cut its quarterly dividend to $0.05 (from $0.08), which saves it $10M annually. Not exactly a sign of confidence on the market. The cut comes 2 quarters after TNP increased it to $0.08 from $0.06. With net debt to capital at 45%, and headed higher as newbuilds are delivered, the dividend cut was the safe play in our opinion. Lowering Estimates. We are lowering our 2016 EPS estimate to $0.55 (from $0.69) to account for this quarter’s miss as wells as updated day rate assumptions. We are 10% below consensus ($0.61) and expect it to decline. Earnings. TNP reported Q3 earnings of -$0.02 below consensus of $0.02 (CS $0.05). The miss was driven primarily by lower revenue (avg. TCE down ~19% Q-Q). Net revenue was $82M (Consensus $100M, CS $93M) which was down 14% Q-Q and down 26% Y-Y, mostly due to lower spot rates.”

According to TipRanks.com, Lewis is ranked 0 out of 5 stars with an average return of -5.4% and a 42.1% success rate. Lewis covers the Services sector, focusing on stocks such as Navios Maritime Midstream, Nordic American Offshore, and Dynagas LNG Partners.

Currently, the analyst consensus on Tsakos Energy is Strong Buy and the average price target is $6, representing a 33.6% upside.

In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $6 price target.
Six Flags (NYSE: SIX)

Credit Suisse analyst Benjamin Chaiken reiterated a Buy rating on Six Flags (NYSE: SIX) today and set a price target of $69. The company’s shares opened today at $57.59.

Chaiken commented:

“We have extended our model through 2020, increased our TP to $69 (+$2), and introduced a new Blue Sky valuation of $78.”

According to TipRanks.com, Chaiken is a 4-star analyst with an average return of 9.4% and a 87.0% success rate. Chaiken covers the Services sector, focusing on stocks such as Marriot Vacations, Intrawest Resorts, and Royal Caribbean.

Currently, the analyst consensus on Six Flags is Strong Buy and the average price target is $64.50, representing an 12.0% upside.

In a report issued on November 18, FBR Capital also reiterated a Buy rating on the stock with a $62 price target.