Analysts Offer Insights on Services Companies: Advance Auto Parts (NYSE: AAP), RPX Corp (NASDAQ: RPXC) and Bristow Group Inc (NYSE: BRS)

By Carrie Williams

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Advance Auto Parts (NYSE: AAP), RPX Corp (NASDAQ: RPXC) and Bristow Group Inc (NYSE: BRS).

Advance Auto Parts (NYSE: AAP)

In a report released yesterday, Matthew McClintock from Barclays maintained a Sell rating on Advance Auto Parts (NYSE: AAP), with a price target of $120. The company’s shares opened today at $131.84, close to its 52-week low of $129.40.

According to TipRanks.com, McClintock is a 3-star analyst with an average return of 4.0% and a 49.5% success rate. McClintock covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Dick’s Sporting Goods, and Container Store Group.

Currently, the analyst consensus on Advance Auto Parts is Moderate Buy and the average price target is $162.71, representing a 23.4% upside.

In a report issued on May 18, BTIG also maintained a Sell rating on the stock.
RPX Corp (NASDAQ: RPXC)

In a report released yesterday, Darrin Peller from Barclays maintained a Sell rating on RPX Corp (NASDAQ: RPXC), with a price target of $12. The company’s shares opened today at $13.28.

According to TipRanks.com, Peller is a top 100 analyst with an average return of 15.3% and a 76.6% success rate. Peller covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions Llc, Automatic Data Processing, and Fidelity National Info.

RPX Corp has an analyst consensus of Moderate Sell, with a price target consensus of $13.

Bristow Group Inc (NYSE: BRS)

In a report released yesterday, David Anderson from Barclays maintained a Hold rating on Bristow Group Inc (NYSE: BRS), with a price target of $13. The company’s shares opened today at $7.28, close to its 52-week low of $7.16.

According to TipRanks.com, Anderson is a 1-star analyst with an average return of -2.4% and a 41.5% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Mammoth Energy Services, and Frank’s International.

Currently, the analyst consensus on Bristow Group Inc is Hold and the average price target is $10, representing a 37.4% upside.

In a report released today, Cowen & Co. also downgraded the stock to Hold with a $7 price target.

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