Analysts Offer Insights on Services Companies: MGM Resorts (NYSE: MGM) and Navigator Holdings (NYSE: NVGS)

By Ryan Adsit

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on MGM Resorts (NYSE: MGM) and Navigator Holdings (NYSE: NVGS) with bullish sentiments.

MGM Resorts (NYSE: MGM)

In a report issued on August 30, Steven Wieczynski from Stifel Nicolaus reiterated a Buy rating on MGM Resorts (NYSE: MGM), with a price target of $38. The company’s shares closed yesterday at $32.96, close to its 52-week high of $34.53.

According to TipRanks.com, Wieczynski is a top 100 analyst with an average return of 17.3% and a 75.6% success rate. Wieczynski covers the Services sector, focusing on stocks such as International Game Technology, Monarch Casino & Resort, and Pinnacle Entertainment.

MGM Resorts has an analyst consensus of Strong Buy, with a price target consensus of $36.67.

Navigator Holdings (NYSE: NVGS)

Stifel Nicolaus analyst Benjamin Nolan reiterated a Buy rating on Navigator Holdings (NYSE: NVGS) on August 29 and set a price target of $16. The company’s shares closed yesterday at $11.20.

According to TipRanks.com, Nolan is ranked 0 out of 5 stars with an average return of -7.7% and a 43.5% success rate. Nolan covers the Services sector, focusing on stocks such as Navios Maritime Acquisition, Navios Maritime Partners Lp, and Dynagas LNG Partners LP .

Currently, the analyst consensus on Navigator Holdings is Strong Buy and the average price target is $16, representing a 42.9% upside.

In a report issued on August 28, Jefferies also reiterated a Buy rating on the stock with a $15 price target.

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