Trueblue Receives Buy Rating from Deutsche Bank (TBI)
Trueblue (NYSE: TBI)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank in a research report issued on Thursday, Stock Ratings Network.com reports. They currently have a $28.00 price target on the stock, up from their previous price target of $24.00. Deutsche Bank’s price target indicates a potential upside of 34.74% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Trueblue from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, May 17th. They now have a $24.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Trueblue from $20.00 to $23.00 in a research note to investors on Thursday, April 25th.
Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Trueblue has an average rating of “Hold” and a consensus target price of $21.80.
Trueblue (NYSE: TBI) traded up 1.86% on Thursday, hitting $23.52. Trueblue has a 52-week low of $11.84 and a 52-week high of $23.46. The stock’s 50-day moving average is currently $21.18. The company has a market cap of $921.1 million and a price-to-earnings ratio of 29.95.
Trueblue (NYSE: TBI) last posted its quarterly earnings results on Wednesday, April 24th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.01. The company had revenue of $346.50 million for the quarter, compared to the consensus estimate of $342.15 million. During the same quarter last year, the company posted $0.04 earnings per share. Trueblue’s revenue was up 11.3% compared to the same quarter last year. Trueblue has set its Q2 guidance at $0.22-0.27 EPS. Analysts expect that Trueblue will post $1.00 EPS for the current fiscal year.
TrueBlue, Inc. (NYSE: TBI) is a provider of temporary blue-collar staffing.
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