DLH Holdings Gets a Buy Rating from Canaccord Genuity

By Carrie Williams

Canaccord Genuity analyst Kenneth Herbert reiterated a Buy rating on DLH Holdings (NASDAQ: DLHC) on October 11 and set a price target of $7. The company’s shares closed yesterday at $6.05.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 13.3% and a 65.3% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.

DLH Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $7.

Based on DLH Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $29.26 million and quarterly net profit of $945K. In comparison, last year the company earned revenue of $27.12 million and had a net profit of $2.39 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.

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DLH Holdings Corp. provides professional healthcare and social services to government agencies. The company principally operates through its legal entities DLH Solutions, Inc. and Danya International LLC.