TrueBlue Upgraded to Buy at Bank of America Corp. (TBI)
TrueBlue (NYSE:TBI) was upgraded by investment analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, Analyst Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of TrueBlue from $30.00 to $33.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $31.07.
TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.48 EPS for the quarter, meeting the Thomson Reuters 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.
TrueBlue, Inc (NYSE:TBI) is a provider of temporary blue-collar staffing services.
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