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Civeo Loses More Than 50%; What Are Some Other Stocks In the Business Services Industry?

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Civeo Corp (NYSE: CVEO) was down more than 50 percent on Tuesday, following a lowered outlook for 2015 and the suspension of its dividend policy. These events were triggered by lower oil prices.

Civeo was up more than 5 percent at $4.13 on Wednesday afternoon.

Civeo is not directly involved in the oil industry, but its business depends on it. The company offers housing (accommodation and food services) for oil workers in the U.S., Canada and Australia. As oil companies continue to cut capital spending plans for 2015 (as a response to the weak oil environment), the firm is seeing demand for its services fall substantially.

The Business Service Industry

FleetCor Technologies, Inc. (NYSE: FLT) is among analysts’ favorites in the industry. This fuel cards and workforce payment products and services provider received positive ratings from five research firms over the fourth quarter.

Barclays issued an Overweight recommendation and a $170 price target. Earlier this month, Deutsche Bank initiated coverage with a Buy rating and $178 price target.

Over the quarter, Jefferies and Citigroup recommended a Buying, setting price targets of $177 and $164, respectively. Morgan Stanley rated the stock as an Overweight case.

FleetCor recently traded around $149.50, leaving plenty of upside potential.

Analysts may not be huge fans of IHS Inc. (NYSE: IHS), but many see some upside potential in the stock. On December 30, Barclays issued an Equal-weight rating accompanied by a $128 price target. Credit Suisse earlier reiterated its Neutral rating, and set a $138 price target.

The stock recently traded at $114.10.

Barclays and Jefferies see Fiserv Inc (NASDAQ: FISV) going up. In November, the former issued a Buy rating and a $79 price target, while the latter gave it an Equal-weight rating and $77 price target.

The stock recently traded at $71.38.

Latest Ratings for CVEO

DateFirmActionFromTo
Apr 2017RBC CapitalInitiates Coverage OnSector Perform
Sep 2016Loop CapitalInitiates Coverage onBuy
Jun 2016Scotia Howard WeilUpgradesSector PerformSector Outperform

View More Analyst Ratings for CVEO
View the Latest Analyst Ratings

Posted-In: Barclays Citigroup Credit SuisseLong Ideas Price Target Intraday Update Analyst Ratings Trading Ideas

 

Related Articles (FISV + CVEO)

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