Trueblue Inc (NYSE:TBI) has been assigned an average rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $27.50.
A number of brokerages recently weighed in on TBI. BMO Capital Markets reduced their target price on shares of Trueblue from $30.00 to $29.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. Zacks Investment Research raised shares of Trueblue from a “hold” rating to a “strong-buy” rating and set a $31.00 target price on the stock in a report on Tuesday, February 13th. TheStreet cut shares of Trueblue from a “b-” rating to a “c” rating in a report on Wednesday, May 16th. Finally, ValuEngine cut shares of Trueblue from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.
Trueblue traded up $0.05, hitting $25.65, during trading on Monday, Marketbeat reports. The company had a trading volume of 5,378 shares, compared to its average volume of 240,225. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.92 and a quick ratio of 1.92. Trueblue has a 12 month low of $19.30 and a 12 month high of $29.50. The stock has a market capitalization of $1.06 billion, a PE ratio of 14.71 and a beta of 2.15.
Trueblue (NYSE:TBI) last issued its earnings results on Monday, April 30th. The business services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Trueblue had a net margin of 2.39% and a return on equity of 13.81%. The company had revenue of $554.39 million during the quarter, compared to analysts’ expectations of $570.40 million. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. equities analysts expect that Trueblue will post 2.16 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in TBI. Schroder Investment Management Group bought a new stake in Trueblue during the 4th quarter valued at about $149,000. Signaturefd LLC bought a new stake in Trueblue during the 1st quarter valued at about $190,000. Stoneridge Investment Partners LLC bought a new stake in Trueblue during the 4th quarter valued at about $241,000. Quantbot Technologies LP bought a new stake in Trueblue during the 1st quarter valued at about $241,000. Finally, Invictus RG bought a new stake in Trueblue during the 4th quarter valued at about $266,000. 93.89% of the stock is owned by institutional investors and hedge funds.
Trueblue Company Profile
TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.
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