Analysts fell to the sidelines weighing in on Ruth’s Hospitality (NASDAQ:RUTH) and Ritchie Bros (NYSE:RBA) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Ruth’s Hospitality (RUTH)
Jefferies analyst Andy Barish reiterated a Hold rating on Ruth’s Hospitality on August 10 and set a price target of $30. The company’s shares closed on Friday at $33.15, close to its 52-week high of $33.95.
According to TipRanks.com, Barish is a 4-star analyst with an average return of 5.5% and a 52.6% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Cheesecake Factory, and McDonald’s Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ruth’s Hospitality with a $30 average price target.
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Ritchie Bros (RBA)
Jefferies analyst Stephen Volkmann reiterated a Hold rating on Ritchie Bros today and set a price target of $35. The company’s shares closed on Friday at $37.63, close to its 52-week high of $38.54.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 17.7% and a 68.6% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Titan International, and Parker Hannifin.
Currently, the analyst consensus on Ritchie Bros is a Hold with an average price target of $33.60, representing a -10.7% downside. In a report issued on August 6, Barrington also maintained a Hold rating on the stock.
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