Trueblue Stock Rating Reaffirmed by Deutsche Bank (TBI)
Trueblue (NYSE:TBI)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Friday. They currently have a $37.00 price objective on the stock, up from their previous price objective of $35.00. Deutsche Bank’s target price indicates a potential upside of 30.01% from the company’s current price.
Shares of Trueblue (NYSE:TBI) traded down 2.23% on Friday, hitting $28.46. 353,491 shares of the company’s stock traded hands. Trueblue has a 52 week low of $22.50 and a 52 week high of $31.30. The stock’s 50-day moving average is $28.92 and its 200-day moving average is $27.51. The company has a market cap of $1.133 billion and a P/E ratio of 24.84.
Trueblue (NYSE:TBI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.08. The company had revenue of $453.00 million for the quarter, compared to the consensus estimate of $456.80 million. During the same quarter last year, the company posted $0.31 earnings per share. Trueblue’s revenue was up 7.3% compared to the same quarter last year. Analysts expect that Trueblue will post $1.39 EPS for the current fiscal year.
TrueBlue, Inc (NYSE:TBI) is a provider of temporary blue-collar staffing services.
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