Analysts Offer Insights on Services Companies: Boot Barn (BOOT), Walt Disney (DIS) and Vectrus (VEC)


Analysts have been eager to weigh in on the Services sector with new ratings on Boot Barn (NYSE:BOOT), Walt Disney (NYSE:DIS) and Vectrus (NYSE:VEC).

Boot Barn (BOOT)

Pivotal Research analyst Mitch Kummetz reiterated a Hold rating on Boot Barn today and set a price target of $24. The company’s shares closed yesterday at $23.23, close to its 52-week high of $26.25.

Kummetz noted:

“We would counter that this stock is better bought when the macro is resulting in an artificial headwind that causes BOOT’s shares to fall out of favor, and that is not now.”

According to TipRanks.com, Kummetz is a 1-star analyst with an average return of -0.6% and a 53.7% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boot Barn with a $27.33 average price target.

See today’s analyst top recommended stocks >>

Walt Disney (DIS)

Pivotal Research analyst Brian Wieser reiterated a Sell rating on Walt Disney today and set a price target of $93. The company’s shares closed yesterday at $116.56, close to its 52-week high of $117.90.

Wieser noted:

“We maintain our $93 YE2018 price target on Disney stock and continue to rate it Sell. VALUATION. We value DIS with a DCF, using a 11.0% near-term discount rate (12.6% long- term) and long-term growth of 4.5%. RISKS to Walt Disney include the hit-driven nature of video content production, perceptions around the “death” of TV advertising and risks around slow-downs in the pay TV business. Brian Wieser, CFA Walt Disney (DIS) RATING: SELL (Previous: $93.00 (Previous: $93.00) Price (8/7/18): $116.56 MARKET DATA 52 Wk Hi – Low 96.20 – 117.88 Market Cap.”

According to TipRanks.com, Wieser is a 5-star analyst with an average return of 10.6% and a 74.1% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.

Currently, the analyst consensus on Walt Disney is a Hold with an average price target of $113.57.

Vectrus (VEC)

In a report released today, Brian Ruttenbur from Drexel Hamilton maintained a Hold rating on Vectrus. The company’s shares closed yesterday at $30.86.

Ruttenbur said:

“We remain cautious on shares of VEC due to the re-compete risk with K- BOSSS/LOGCAP V (roughly 40% of total revenue) that will take place by year-end. Therefore, we’re maintaining our Hold rating.”

According to TipRanks.com, Ruttenbur is a 4-star analyst with an average return of 10.4% and a 72.5% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as Mercury Systems Inc, Engility Holdings, and Kratos Defense.

Currently, the analyst consensus on Vectrus is a Hold with an average price target of $40.

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