TriNet Group Price Target Increased to $26.00 by Analysts at Jefferies Group (TNET)
Research analysts at Jefferies Group lifted their target price on shares of TriNet Group (NASDAQ:TNET) from $23.00 to $26.00 in a report released on Tuesday. Jefferies Group’s target price would suggest a potential downside of 8.03% from the company’s current price.
TriNet Group (NASDAQ:TNET) traded up 1.73% on Tuesday, hitting $28.76. The stock had a trading volume of 103,575 shares. TriNet Group has a 1-year low of $17.28 and a 1-year high of $28.71. The stock’s 50-day moving average is $24.01 and its 200-day moving average is $23.50. The company has a market cap of $1.988 billion and a price-to-earnings ratio of 165.32.
TriNet Group (NASDAQ:TNET) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.02. The company had revenue of $124.80 million for the quarter, compared to the consensus estimate of $120.23 million. During the same quarter last year, the company posted $0.18 earnings per share. TriNet Group’s revenue was up 44.5% compared to the same quarter last year. Analysts expect that TriNet Group will post $1.09 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of TriNet Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $29.40 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of TriNet Group in a research note on Tuesday, August 5th. They now have a $24.00 price target on the stock, down previously from $27.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of TriNet Group from $28.00 to $31.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $27.48.
TriNet Group Inc is a provider of a comprehensive human resources solution for small to medium-sized businesses (NASDAQ:TNET).
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