TriNet Group Now Covered by JPMorgan Chase & Co. (TNET)
Analysts at JPMorgan Chase & Co. initiated coverage on shares of TriNet Group (NASDAQ:TNET) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $27.00 price target on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 18.06% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of TriNet Group in a research note on Tuesday. They set a “hold” rating and a $23.00 price target on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of TriNet Group in a research note on Tuesday. They set a “buy” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $25.50.
TriNet Group (NASDAQ:TNET) traded up 4.57% on Tuesday, hitting $22.87. The stock had a trading volume of 1,302,529 shares. TriNet Group has a 52-week low of $17.28 and a 52-week high of $24.65. The stock’s 50-day moving average is $21.17 and its 200-day moving average is $21.17. The company has a market cap of $1.563 billion and a P/E ratio of 115.11.
TriNet Group Inc is a provider of a comprehensive human resources solution for small to medium-sized businesses (NASDAQ:TNET).
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