Resources Connection (NASDAQ:RECN) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a report issued on Thursday.

A number of other research firms also recently issued reports on RECN. Robert W. Baird reissued a “hold” rating and issued a $15.00 price target on shares of Resources Connection in a research note on Friday, October 6th. BidaskClub downgraded shares of Resources Connection from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of Resources Connection from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Deutsche Bank reissued a “sell” rating and issued a $13.00 price target (up from $12.00) on shares of Resources Connection in a research note on Friday, October 6th. Finally, JPMorgan Chase & Co. downgraded shares of Resources Connection from a “neutral” rating to an “underweight” rating and set a $16.00 price target for the company. in a research note on Thursday. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.25.

Shares of Resources Connection (RECN) opened at $15.75 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.82 and a current ratio of 5.29. The firm has a market cap of $489.44, a PE ratio of 27.16 and a beta of 1.18. Resources Connection has a 1-year low of $12.05 and a 1-year high of $17.58.

Resources Connection (NASDAQ:RECN) last posted its earnings results on Wednesday, January 3rd. The business services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Resources Connection had a net margin of 2.98% and a return on equity of 8.25%. The company had revenue of $156.70 million during the quarter, compared to analyst estimates of $152.91 million. During the same period in the prior year, the business posted $0.26 earnings per share. Resources Connection’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts predict that Resources Connection will post 0.67 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Resources Connection during the third quarter valued at approximately $153,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Resources Connection by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 11,130 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 4,120 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Resources Connection during the third quarter valued at approximately $164,000. Jane Street Group LLC bought a new position in shares of Resources Connection during the third quarter valued at approximately $171,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Resources Connection by 44.0% during the second quarter. BNP Paribas Arbitrage SA now owns 12,303 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 3,761 shares in the last quarter. 80.99% of the stock is owned by institutional investors and hedge funds.

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About Resources Connection

Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.

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