Companies in the Services sector have received a lot of coverage today as analysts weigh in on Kroger Company (NYSE:KR), Information Services Group (NASDAQ:III) and Cheesecake Factory (NASDAQ:CAKE).
Kroger Company (KR)
Jefferies analyst Christopher Mandeville reiterated a Buy rating on Kroger Company today and set a price target of $35. The company’s shares closed yesterday at $30.09.
According to TipRanks.com, Mandeville is a 4-star analyst with an average return of 9.6% and a 60.9% success rate. Mandeville covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Performance Food Group, and The Chefs’ Warehouse.
Currently, the analyst consensus on Kroger Company is a Moderate Buy with an average price target of $29.71, representing a -1.3% downside. In a report issued on October 24, Credit Suisse also maintained a Buy rating on the stock with a $32 price target.
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Information Services Group (III)
Barrington analyst Vincent Colicchio maintained a Buy rating on Information Services Group today and set a price target of $6. The company’s shares closed yesterday at $4.18.
Colicchio said:
“We expect the company to report Q3/18 non‐GAAP EPS of $0.10, which exceeds the FactSet consensus of $0.09. Our forecast represents a flat result versus the prior year and a sequential decline of 19%.”
According to TipRanks.com, Colicchio is a 2-star analyst with an average return of 0.0% and a 47.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Information Services Group with a $5.63 average price target.
Cheesecake Factory (CAKE)
In a report released today, Stephen Anderson from Maxim Group maintained a Hold rating on Cheesecake Factory, with a price target of $55. The company’s shares closed yesterday at $49.05.
Anderson commented:
“We maintain our Hold rating on The Cheesecake Factory (CAKE), and lower our price target to $55, from $57, following the release of mixed 3Q18 (September) results.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 13.7% and a 71.6% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Cheesecake Factory has an analyst consensus of Hold, with a price target consensus of $53.67, implying a 9.4% upside from current levels. In a report issued on October 18, Gordon Haskett Capital Corporation also initiated coverage with a Hold rating on the stock with a $53 price target.
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