TrueBlue Receives Buy Rating from Deutsche Bank (TBI)
TrueBlue (NYSE:TBI)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Thursday, American Banking News reports. They currently have a $29.00 price objective on the stock. Deutsche Bank’s price objective points to a potential upside of 11.62% from the stock’s previous close.
Separately, analysts at Zacks downgraded shares of TrueBlue from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $30.20 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.30.
TrueBlue (NYSE:TBI) traded down 1.52% during mid-day trading on Thursday, hitting $25.98. 498,692 shares of the company’s stock traded hands. TrueBlue has a 52-week low of $11.84 and a 52-week high of $27.76. The stock’s 50-day moving average is $25.95 and its 200-day moving average is $22.72. The company has a market cap of $1.022 billion and a P/E ratio of 32.21.
TrueBlue (NYSE:TBI) last announced its earnings results on Wednesday, October 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $151.16 million for the quarter, compared to the consensus estimate of $457.31 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 60.2% on a year-over-year basis.
TrueBlue, Inc (NYSE:TBI) is a provider of temporary blue-collar staffing services.
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