Services Sector New Lows: AeropostaleInc (NYSE:ARO), KBR (NYSE:KBR) , Tata Consultancy Services Limited (NSE:TCS), Higher One Holdings (NYSE:ONE)

Posted by on Mar 27, 2014

Aeropostale Inc (NYSE:ARO) was down nearly 25% over the past week, which comes as the company missed earnings, gave a dismal 2014 outlook, and saw inventory and A/P balloon during 4Q. Despite the concerns, the retailer has a lot of positives with regards to sub-brands and sourcing, not to mention its Sycamore Partners deal that can ultimately help boost margins. As Aeropostale looks to increase its footprint in the less competitive pre-teen girls space, while also expanding internationally, the market should realize that fair value is closer $8. Aeropostale Inc (NYSE:ARO) shares after opening at $5.24 moved to $5.24 on last trade day and at the end of the day closed at $4.99. Company price to sales ratio in past twelve months was calculated as 0.19 and price to cash ratio as 3.68. Aeropostale Inc (NYSE:ARO)showed a negative weekly performance of -14.26%.

Goldman Sachs downgraded shares of KBR (NYSE:KBR) from a buy rating to a neutral rating in a research note released on Tuesday morning, TheFlyOnTheWall.com reports. KBR, Inc. (NYSE:KBR) shares fell-0.86% in last trading session and ended the day on $26.55. KBR return on equity ratio is recorded as 15.30% and its return on assets is 7.40%. KBR, Inc. (NYSE:KBR)yearly performance is -15.39%.

Tata Consultancy Services Limited (NSE:TCS), a leading Saudi Arabian Bank and Tata Consultancy Services have inked a pact to implement a new core banking software platform that is likely to “transform” the bank’s customer service delivery system. Tata Consultancy Services Limited (NSE:TCS) shares moved up 0.55% in last trading session and was closed at $2,105.00, while trading in range of $ 2,065.05 – 2,115.00 . Tata Consultancy Services Limited (NSE:TCS) year to date (YTD) performance is -31.17%.

Investment analysts at Compass Point lowered their target price on shares of Higher One Holdings (NYSE:ONE) from $7.00 to $6.00 in a note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a “sell” rating on the stock. Compass Point’s price objective suggests a potential downside of 21.98% from the company’s current price.Higher One Holdings, Inc(NYSE:ONE) weekly performance is -15.97%. On last trading day company shares ended up $6.79.Higher One Holdings, Inc(NYSE:ONE) distance from 50-day simple moving average (SMA50) is -15.36%. Analysts mean target price for the company is $9.20.

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