Kelly Services (KELYA) Rating Increased 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 note released on Monday.

Separately, ValuEngine upgraded shares of Kelly Services from a sell rating to a hold rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kelly Services currently has an average rating of Buy and a consensus target price of $34.50.

Shares of NASDAQ:KELYA traded up $0.08 during midday trading on Monday, reaching $22.47. 1,323 shares of the company were exchanged, compared to its average volume of 119,363. The firm has a market cap of $870.60 million, a price-to-earnings ratio of 10.12 and a beta of 0.78. Kelly Services has a fifty-two week low of $19.21 and a fifty-two week high of $32.31.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Wednesday, November 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.18. Kelly Services had a net margin of 1.17% and a return on equity of 7.45%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company posted $0.58 EPS. Kelly Services’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Kelly Services will post 2.3 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. First Trust Advisors LP purchased a new stake in Kelly Services during the 2nd quarter valued at approximately $1,546,000. Sei Investments Co. boosted its stake in Kelly Services by 384.8% in the second quarter. Sei Investments Co. now owns 5,759 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 4,571 shares during the period. Rhumbline Advisers raised its holdings in shares of Kelly Services by 3.1% during the second quarter. Rhumbline Advisers now owns 75,818 shares of the business services provider’s stock valued at $1,702,000 after buying an additional 2,271 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kelly Services by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 498,699 shares of the business services provider’s stock valued at $11,196,000 after buying an additional 2,613 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Kelly Services by 210.1% during the 2nd quarter. SG Americas Securities LLC now owns 10,945 shares of the business services provider’s stock worth $246,000 after purchasing an additional 7,416 shares in the last quarter. Institutional investors own 66.22% 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.

Recommended Story: Asset Allocation Models, Which is Right For You?

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