Analysts have been eager to weigh in on the Services sector with new ratings on Zumiez Inc (ZUMZ) and Kroger Company (KR).
Zumiez Inc (ZUMZ)
Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Zumiez Inc today and set a price target of $28. The company’s shares closed yesterday at $19.26, close to its 52-week low of $18.52.
“We appreciate such skepticism, but, as it turns out, given the 3Q beat and what we believe is conservative 4Q guidance, we are now more confident in the company’s FY18 EPS and are raising our estimate from $1.69 to $1.70.”
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 3.0% and a 54.8% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.
Currently, the analyst consensus on Zumiez Inc is a Moderate Buy with an average price target of $28.40, representing a 47.5% upside. In a report issued on December 3, B.Riley FBR also maintained a Buy rating on the stock with a $32 price target.
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Kroger Company (KR)
Pivotal Research analyst Ajay Jain reiterated a Hold rating on Kroger Company today and set a price target of $31. The company’s shares closed yesterday at $29.56.
According to TipRanks.com, Jain is a 4-star analyst with an average return of 11.5% and a 61.4% success rate. Jain covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Performance Food Group, and US Food Holdings Corp.
Currently, the analyst consensus on Kroger Company is a Moderate Buy with an average price target of $30.80, representing a 4.2% upside. In a report issued on December 4, Credit Suisse also maintained a Hold rating on the stock with a $32 price target.
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