TrueBlue Given New $33.00 Price Target at BMO Capital Markets (TBI)
Analysts at BMO Capital Markets lifted their price target on shares of TrueBlue (NYSE:TBI) from $30.00 to $33.00 in a research report issued to clients and investors on Monday, ARN reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 26.68% from the company’s current price.
TrueBlue (NYSE:TBI) opened at 26.05 on Monday. TrueBlue has a 52 week low of $16.12 and a 52 week high of $27.76. The stock has a 50-day moving average of $24.87 and a 200-day moving average of $24.77. The company has a market cap of $1.029 billion and a P/E ratio of 27.55.
TrueBlue (NYSE:TBI) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.48 earnings per share for the quarter, meeting the analysts’ 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 prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was down 60.2% on a year-over-year basis. On average, analysts predict that TrueBlue will post $1.09 earnings per share for the current fiscal year.
TBI has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of TrueBlue in a research note to investors on Monday, December 9th. They now have a $30.00 price target on the stock, up previously from $29.00. Separately, analysts at Zacks downgraded shares of TrueBlue from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 22nd. They now have a $30.20 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $31.07.
TrueBlue, Inc (NYSE:TBI) is a provider of temporary blue-collar staffing services.
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