Kelly Services (KELYA) Upgraded to Strong-Buy at BidaskClub

Share on StockTwits

BidaskClub upgraded shares of Kelly Services (NASDAQ:KELYA) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

Several other equities analysts have also weighed in on the stock. ValuEngine upgraded shares of Kelly Services from a sell rating to a hold rating in a research report on Friday, November 2nd. Sidoti assumed coverage on shares of Kelly Services in a research report on Friday, August 24th. They set a buy rating and a $37.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Kelly Services from a sell rating to a hold rating in a research report on Tuesday, July 24th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Kelly Services currently has a consensus rating of Buy and an average price target of $34.50.

NASDAQ:KELYA opened at $24.80 on Tuesday. Kelly Services has a twelve month low of $21.44 and a twelve month high of $32.31. The stock has a market cap of $949.90 million, a PE ratio of 11.27 and a beta of 0.79.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Wednesday, November 7th. The business services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.18. Kelly Services had a net margin of 0.99% and a return on equity of 7.62%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Kelly Services will post 2.1 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Kelly Services by 3.1% in the second quarter. Rhumbline Advisers now owns 75,818 shares of the business services provider’s stock worth $1,702,000 after buying an additional 2,271 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Kelly Services by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 498,699 shares of the business services provider’s stock worth $11,196,000 after purchasing an additional 2,613 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Kelly Services by 4.5% during the second quarter. New York State Teachers Retirement System now owns 70,206 shares of the business services provider’s stock worth $1,576,000 after purchasing an additional 3,000 shares during the period. Legal & General Group Plc boosted its holdings in shares of Kelly Services by 4.5% during the second quarter. Legal & General Group Plc now owns 94,915 shares of the business services provider’s stock worth $2,128,000 after purchasing an additional 4,067 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in shares of Kelly Services by 23.6% during the second quarter. Engineers Gate Manager LP now owns 22,782 shares of the business services provider’s stock worth $511,000 after purchasing an additional 4,346 shares during the period. Institutional investors own 66.21% of the company’s stock.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions (GTS), and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

Featured Article: Compound Annual Growth Rate (CAGR)

Receive News & Ratings for Kelly Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kelly Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply