Analysts Offer Insights on Services Companies: Nordic American Tanker (NYSE: NAT) and Canadian Pacific (NYSE: CP)

By Carrie Williams

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Nordic American Tanker (NYSE: NAT) and Canadian Pacific (NYSE: CP).

Nordic American Tanker (NYSE: NAT)

Maxim Group analyst James Jang reiterated a Sell rating on Nordic American Tanker (NYSE: NAT) today and set a price target of $6. The company’s shares closed yesterday at $8.38.

Jang observed:

“We are lowering our rate forecasts and estimates for NAT through 2018.”

According to TipRanks.com, Jang is a 3-star analyst with an average return of 5.7% and a 41.7% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP , Navigator Holdings, and Pyxis Tankers Inc.

Nordic American Tanker has an analyst consensus of Moderate Sell, with a price target consensus of $7.

Canadian Pacific (NYSE: CP)

Loop Capital Markets analyst Rick Paterson downgraded Canadian Pacific (NYSE: CP) to Hold today. The company’s shares closed yesterday at $153.78.

According to TipRanks.com, Paterson is a 2-star analyst with an average return of 2.9% and a 57.1% success rate. Paterson covers the Services sector, focusing on stocks such as Kansas City Southern, Union Pacific Corp, and Norfolk Southern.

Canadian Pacific has an analyst consensus of Moderate Buy, with a price target consensus of $171.

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