Analysts Offer Insights on Services Companies: Alaska Air (NYSE: ALK), Kroger Company (NYSE: KR) and Xerox Corp (NYSE: XRX)

By Jason Carr

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Alaska Air (NYSE: ALK), Kroger Company (NYSE: KR) and Xerox Corp (NYSE: XRX).

Alaska Air (NYSE: ALK)

In a report issued on September 11, Brandon Oglenski from Barclays maintained a Buy rating on Alaska Air (NYSE: ALK), with a price target of $100. The company’s shares closed yesterday at $76.21.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 6.3% and a 58.2% success rate. Oglenski covers the Services sector, focusing on stocks such as Allegiant Travel Company, Diana Containerships Inc, and Expeditors International.

Currently, the analyst consensus on Alaska Air is Strong Buy and the average price target is $119.33, representing a 56.6% upside.

In a report issued on September 11, Cowen & Co. also reiterated a Buy rating on the stock with a $103 price target.
Kroger Company (NYSE: KR)

Barclays analyst Karen Short maintained a Hold rating on Kroger Company (NYSE: KR) on September 11 and set a price target of $22. The company’s shares closed yesterday at $21.73, close to its 52-week low of $20.46.

According to TipRanks.com, Short is a 4-star analyst with an average return of 4.5% and a 57.7% success rate. Short covers the Services sector, focusing on stocks such as Performance Food Group, The Chefs’ Warehouse, and United Natural Foods.

Currently, the analyst consensus on Kroger Company is Moderate Buy and the average price target is $24.46, representing a 12.6% upside.

In a report issued on September 8, Oppenheimer also downgraded the stock to Hold with a $23 price target.
Xerox Corp (NYSE: XRX)

In a report issued on September 12, Mark Moskowitz from Barclays maintained a Hold rating on Xerox Corp (NYSE: XRX), with a price target of $35. The company’s shares closed yesterday at $32.72, close to its 52-week high of $32.99.

According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 15.4% and a 68.1% success rate. Moskowitz covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Lexmark International.

Xerox Corp has an analyst consensus of Strong Buy, with a price target consensus of $35.50.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.