Kelly Services (NASDAQ:KELYA) Given New $15.00 Price Target at Barrington Research

Kelly Services (NASDAQ:KELYA) had its price objective reduced by equities research analysts at Barrington Research from $16.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target suggests a potential upside of 54.80% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Kelly Services in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Zacks Research upgraded Kelly Services from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kelly Services has an average rating of “Hold” and an average price target of $15.00.

Kelly Services Price Performance

Shares of NASDAQ KELYA traded down $0.09 during trading hours on Friday, hitting $9.69. 298,314 shares of the stock were exchanged, compared to its average volume of 558,964. Kelly Services has a 1-year low of $7.98 and a 1-year high of $14.94. The company has a market cap of $342.44 million, a PE ratio of -2.16, a price-to-earnings-growth ratio of 0.44 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.59 and a current ratio of 1.59. The company’s fifty day simple moving average is $9.53 and its two-hundred day simple moving average is $11.23.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, February 12th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.29). The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Kelly Services had a positive return on equity of 5.74% and a negative net margin of 3.58%. On average, sell-side analysts predict that Kelly Services will post 2.45 EPS for the current year.

Institutional Trading of Kelly Services

Several large investors have recently modified their holdings of the business. First Trust Advisors LP raised its stake in Kelly Services by 50.5% during the 4th quarter. First Trust Advisors LP now owns 15,700 shares of the business services provider’s stock valued at $138,000 after buying an additional 5,265 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kelly Services by 39.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,908,900 shares of the business services provider’s stock valued at $16,798,000 after purchasing an additional 544,309 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Kelly Services by 14.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 10,706 shares of the business services provider’s stock worth $94,000 after buying an additional 1,369 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Kelly Services by 5.4% in the 4th quarter. Ieq Capital LLC now owns 130,399 shares of the business services provider’s stock worth $1,148,000 after buying an additional 6,661 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Kelly Services by 15.3% during the 4th quarter. Martingale Asset Management L P now owns 80,528 shares of the business services provider’s stock valued at $709,000 after buying an additional 10,675 shares in the last quarter. 76.34% of the stock is owned by institutional investors.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.