Analysts’ Opinions Are Mixed on These Services Stocks: Abercrombie Fitch (NYSE: ANF), GameStop (NYSE: GME) and Viacom Inc (NASDAQ: VIAB)

By Jason Carr

Analysts have been eager to weigh in on the Services sector with new ratings on Abercrombie Fitch (NYSE: ANF), GameStop (NYSE: GME) and Viacom Inc (NASDAQ: VIAB).

Abercrombie Fitch (NYSE: ANF)

FBR Capital analyst Susan Anderson reiterated a Hold rating on Abercrombie Fitch (NYSE: ANF) today and set a price target of $13. The company’s shares opened today at $13.98.

Anderson said:

“ANF reported 1Q EPS of ($0.91), versus FBR/consensus of ($0.68)/($0.70), including an impact from new stock option changes of $0.14. Management expects SSS to continue to be challenging in 2Q17, although they are expected to improve in the back half of 2017. A&F is expected to be the most challenged, while Hollister should continue to perform well. Both brands are benefiting from newly rolled out loyalty programs and omni-channel investments. Although we are encouraged by ANF’s omni-channel and brand initiatives, we remain on the sidelines until we see consistent SSS improvement and an inflection in margins.”

According to TipRanks.com, Anderson is a 1-star analyst with an average return of -1.1% and a 44.4% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, ClubCorp Holdings, and Children’s Place.

Currently, the analyst consensus on Abercrombie Fitch is Moderate Sell and the average price target is $11.83, representing a -15.4% downside.

In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a $14 price target.
GameStop (NYSE: GME)

Robert W. Baird analyst Colin Sebastian reiterated a Buy rating on GameStop (NYSE: GME) today. The company’s shares opened today at $22.12, close to its 52-week low of $20.10.

Sebastian said:

“We are making few changes to our F2017 estimates at this point, with Q2 revenues and EPS estimates of $1.63B and $0.11, respectively . We are also introducing F2018 estimates of $8.69B (flat Y/Y) and $3.27, respectively .”

According to TipRanks.com, Sebastian is a top 25 analyst with an average return of 23.5% and a 78.8% success rate. Sebastian covers the Technology sector, focusing on stocks such as Activision Blizzard, Electronic Arts, and ChannelAdvisor.

Currently, the analyst consensus on GameStop is Moderate Buy and the average price target is $23.66, representing a 7.0% upside.

In a report released today, Mizuho Securities also assigned a Buy rating to the stock.
Viacom Inc (NASDAQ: VIAB)

FBR Capital analyst Barton Crockett reiterated a Hold rating on Viacom Inc (NASDAQ: VIAB) yesterday. The company’s shares opened today at $34.92, close to its 52-week low of $33.44.

According to TipRanks.com, Crockett is a 5-star analyst with an average return of 7.4% and a 62.0% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, The Liberty Media Group, and The Liberty Media Group.

Viacom Inc has an analyst consensus of Hold, with a price target consensus of $40.20.

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