Trueblue Inc (TBI) Receives a Rating Update from a Top Analyst

By Austin Angelo

In a report released today, Jeffrey Silber from BMO Capital maintained a Hold rating on Trueblue Inc (TBIResearch Report), with a price target of $24. The company’s shares closed on Friday at $22.14.

According to TipRanks.com, Silber is a top 25 analyst with an average return of 19.8% and a 73.8% success rate. Silber covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Trueblue Inc with a $26 average price target.

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Based on Trueblue Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $14.89 million. In comparison, last year the company had a net profit of $16.43 million.

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TrueBlue, Inc. provides workforce solutions, helping clients improve growth and performance by providing staffing, recruitment process outsourcing, and managed service provider solutions. The company operates through the following reportable segments: PeopleReady, PeopleManagement, and PeopleScout.