Today, TrueBlue Inc. (TBI) Given Average Rating of “Hold” by Brokerages

Today, TrueBlue Inc. (TBI) Given Average Rating of “Hold” by Brokerages
Shares of TrueBlue Inc. (NYSE:TBI) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $21.17.

A number of research analysts recently weighed in on TBI shares. Deutsche Bank AG set a $18.00 price objective on TrueBlue and gave the company a “sell” rating in a research note on Tuesday, October 18th. Avondale Partners lowered TrueBlue from an “outperform” rating to an “underperform” rating and lowered their target price for the company from $20.00 to $15.00 in a report on Thursday, October 20th. Finally, Zacks Investment Research lowered TrueBlue from a “hold” rating to a “sell” rating in a report on Saturday, October 22nd.

Hedge funds have recently made changes to their positions in the company. Credit Suisse AG raised its stake in shares of TrueBlue by 12.7% in the third quarter. Credit Suisse AG now owns 62,550 shares of the company’s stock valued at $1,418,000 after buying an additional 7,061 shares during the last quarter. Hillcrest Asset Management LLC raised its stake in shares of TrueBlue by 1.4% in the third quarter. Hillcrest Asset Management LLC now owns 313,546 shares of the company’s stock valued at $7,105,000 after buying an additional 4,220 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of TrueBlue by 32.3% in the third quarter. Panagora Asset Management Inc. now owns 190,144 shares of the company’s stock valued at $4,308,000 after buying an additional 46,392 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of TrueBlue by 32.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 237,393 shares of the company’s stock valued at $5,379,000 after buying an additional 58,204 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in shares of TrueBlue by 81.5% in the third quarter. Gotham Asset Management LLC now owns 313,490 shares of the company’s stock valued at $7,104,000 after buying an additional 140,763 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

TrueBlue (NYSE:TBI) traded up 2.92% during midday trading on Friday, hitting $21.15. The company had a trading volume of 75,861 shares. TrueBlue has a one year low of $16.50 and a one year high of $30.08. The company’s 50 day moving average is $19.53 and its 200-day moving average is $20.54. The company’s market cap is $872.33 million.

TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.05. TrueBlue had a negative net margin of 0.18% and a positive return on equity of 16.47%. The company earned $697.10 million during the quarter, compared to the consensus estimate of $715.69 million. During the same period in the previous year, the business posted $0.54 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that TrueBlue will post $2.00 EPS for the current year.

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