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Analysts Offer Insights on Services Companies: Overstockcom (OSTK), Factset Research (FDS) and Darden (DRI)


Companies in the Services sector have received a lot of coverage today as analysts weigh in on Overstockcom (OSTK), Factset Research (FDS) and Darden (DRI).

Overstockcom (OSTK)

In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Overstockcom, with a price target of $75. The company’s shares opened today at $13.81, close to its 52-week low of $13.05.

Klee noted:

“OSTK stock was down significantly yesterday as the GSR investment did not close on December 15, and has been extended until February 28, 2019.”

According to TipRanks.com, Klee is ranked 0 out of 5 stars with an average return of -17.1% and a 17.4% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Atlantic Tele-Network, and Net 1 Ueps.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Overstockcom with a $75 average price target.

See today’s analyst top recommended stocks >>

Factset Research (FDS)

Cantor Fitzgerald analyst Joseph Foresi maintained a Hold rating on Factset Research today and set a price target of $219. The company’s shares opened today at $220.30.

Foresi wrote:

“. We maintain our Neutral rating on FDS and our 12-month PT of $219*. FactSet reported top-line and bottom-line results above consensus estimates. The beat versus our estimates was mostly due to lower than expected taxes (12% vs our expected 18%). Organic ASV growth was 6.3% y/y, above the 5.7% growth in the previous period, with both buy-side and sell-side organic growth accelerating for the second period in a row. Adjusted operating margin was below expectations, down 40 bps y/y. We look to the call for details on the impact from client headwinds, color on ASV and margin results/outlook.”

According to TipRanks.com, Foresi is a top 100 analyst with an average return of 12.6% and a 62.0% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Factset Research has an analyst consensus of Hold, with a price target consensus of $214.38, representing a -2.7% downside. In a report issued on December 7, Barclays also upgraded the stock to Hold with a $235 price target.

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Darden (DRI)

In a report released today, Stephen Anderson from Maxim Group maintained a Hold rating on Darden, with a price target of $119. The company’s shares opened today at $102.94.

Anderson wrote:

“DRI reported F2Q19 (November) EPS of $0.92, which beat the $0.91 Street mean, but were below our $0.95 estimate.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 9.5% and a 64.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.

Darden has an analyst consensus of Moderate Buy, with a price target consensus of $119.71.

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