TrueBlue, Inc. (NYSE:TBI) Stock Rating Reaffirmed by BMO Capital Markets

TrueBlue, Inc. (NYSE:TBI)‘s stock had its “hold” rating restated by analysts at BMO Capital Markets in a note issued to investors on Friday. They presently have a $23.00 price objective on the business services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 14.71% from the stock’s current price.

TBI has been the topic of a number of other research reports. BidaskClub downgraded TrueBlue from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded TrueBlue from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, TheStreet upgraded TrueBlue from a “c” rating to a “b” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.25.

TrueBlue (NYSE:TBI) opened at 20.05 on Friday. The stock has a 50 day moving average price of $25.28 and a 200 day moving average price of $26.06. TrueBlue has a 1-year low of $16.50 and a 1-year high of $28.70. The company has a market cap of $833.64 million, a P/E ratio of 14.16 and a beta of 2.34.

TrueBlue (NYSE:TBI) last issued its earnings results on Monday, July 31st. The business services provider reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. TrueBlue had a return on equity of 15.18% and a net margin of 2.27%. The firm had revenue of $610.10 million for the quarter, compared to the consensus estimate of $610.04 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that TrueBlue will post $1.69 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “TrueBlue, Inc. (NYSE:TBI) Stock Rating Reaffirmed by BMO Capital Markets” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/2801010/trueblue-inc-nysetbi-stock-rating-reaffirmed-by-bmo-capital-markets.html.

In other TrueBlue news, Director Joseph P. Sambataro, Jr. sold 25,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $28.32, for a total transaction of $708,000.00. Following the transaction, the director now owns 73,581 shares in the company, valued at $2,083,813.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Derrek Lane Gafford sold 20,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $27.75, for a total value of $555,000.00. Following the transaction, the chief financial officer now owns 91,859 shares in the company, valued at approximately $2,549,087.25. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of TBI. State of Alaska Department of Revenue increased its position in shares of TrueBlue by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the business services provider’s stock worth $127,000 after buying an additional 60 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of TrueBlue during the first quarter worth about $170,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of TrueBlue during the second quarter worth about $236,000. 1st Global Advisors Inc. increased its position in shares of TrueBlue by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 8,754 shares of the business services provider’s stock worth $239,000 after buying an additional 120 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of TrueBlue during the first quarter worth about $251,000. Institutional investors own 92.66% of the company’s stock.

About TrueBlue

TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.

Receive News & Ratings for TrueBlue Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueBlue Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.