Barrett Business Services Upgraded to Buy at Thomson Reuters/Verus (BBSI)
Barrett Business Services (NASDAQ:BBSI) was upgraded by equities research analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, StockRatingsNetwork.com reports.
Shares of Barrett Business Services (NASDAQ:BBSI) traded down 3.02% on Monday, hitting $66.42. 17,563 shares of the company’s stock traded hands. Barrett Business Services has a 52-week low of $26.19 and a 52-week high of $73.49. The stock has a 50-day moving average of $67.41 and a 200-day moving average of $60.9. The company has a market cap of $473.0 million and a price-to-earnings ratio of 33.46.
Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.10. The company had revenue of $675.00 million for the quarter, compared to the consensus estimate of $632.00 million. Analysts expect that Barrett Business Services will post $2.58 EPS for the current fiscal year.
Barrett Business Services, Inc is a provider of business management solutions, combining human resource outsourcing and professional management consulting.
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