Analysts Are Bullish on These Services Stocks: SIG, FLY

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Signet Jewelers Limited (NYSE: SIG) and Fly Leasing Limited (NYSE: FLY) with bullish sentiments.

Signet Jewelers Limited (NYSE: SIG)

RBC Capital analyst Brian Tunick reiterated a Buy rating on Signet Jewelers Limited (NYSE: SIG) today and set a price target of $78. The company’s shares closed yesterday at $70.02, close to its 52-week low of $62.10.

According to TipRanks.com, Tunick is a 3-star analyst with an average return of 1.3% and a 51.9% success rate. Tunick covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Burlington Stores.

Signet Jewelers Limited has an analyst consensus of Moderate Buy, with a price target consensus of $70.50.

Fly Leasing Limited (NYSE: FLY)

RBC Capital analyst Jason Arnold reiterated a Buy rating on Fly Leasing Limited (NYSE: FLY) today and set a price target of $22. The company’s shares closed yesterday at $13.30.

According to TipRanks.com, Arnold is a 5-star analyst with an average return of 16.0% and a 61.5% success rate. Arnold covers the Financial sector, focusing on stocks such as Discover Financial Services, Apollo Investment Corp, and Santander Consumer USA.

Currently, the analyst consensus on Fly Leasing Limited is Moderate Buy and the average price target is $22, representing a 65.4% upside.

In a report released today, Compass Point also upgraded the stock to Buy.

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