Are Analysts Bullish about TrueBlue, Inc. (NYSE:TBI) after last week?

December 8, 2017 - By Ellis Scott

 Are Analysts Bullish about TrueBlue, Inc. (NYSE:TBI) after last week?
Investors sentiment increased to 1.83 in Q2 2017. Its up 0.43, from 1.4 in 2017Q1. It is positive, as 15 investors sold TrueBlue, Inc. shares while 43 reduced holdings. 36 funds opened positions while 70 raised stakes. 37.49 million shares or 1.65% less from 38.12 million shares in 2017Q1 were reported.
Bnp Paribas Arbitrage owns 17,152 shares or 0% of their US portfolio. Sterling Capital Mgmt Ltd Liability holds 39,795 shares. Century, a Missouri-based fund reported 21,831 shares. Moreover, Nationwide Fund Advsrs has 0.02% invested in TrueBlue, Inc. (NYSE:TBI) for 182,417 shares. Victory Capital Mgmt reported 2,177 shares or 0% of all its holdings. Prudential Fincl reported 0.02% stake. Rhumbline Advisers holds 90,675 shares. Zebra Cap Mgmt Ltd Liability Co stated it has 0.28% of its portfolio in TrueBlue, Inc. (NYSE:TBI). Matarin Mngmt Limited Liability Company holds 352,325 shares or 0% of its portfolio. 1St Global Advsrs invested 0.03% in TrueBlue, Inc. (NYSE:TBI). Indexiq Advisors Ltd Company, New York-based fund reported 17,308 shares. Arizona State Retirement Sys has 22,228 shares for 0.01% of their portfolio. Nordea Invest Mngmt reported 0.01% stake. Quantbot Tech Lp invested in 3,000 shares. Metropolitan Life Ny has 0.01% invested in TrueBlue, Inc. (NYSE:TBI) for 28,387 shares.

TrueBlue, Inc. (NYSE:TBI) Ratings Coverage

Among 5 analysts covering TrueBlue (NYSE:TBI), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. TrueBlue has $28 highest and $18 lowest target. $23.75’s average target is -13.16% below currents $27.35 stock price. TrueBlue had 19 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, January 13 by Bank of America. The rating was initiated by Deutsche Bank with “Sell” on Thursday, August 18. The rating was upgraded by Robert W. Baird on Thursday, October 22 to “Outperform”. The stock of TrueBlue, Inc. (NYSE:TBI) has “Market Perform” rating given on Wednesday, November 1 by BMO Capital Markets. The stock of TrueBlue, Inc. (NYSE:TBI) has “Neutral” rating given on Thursday, April 21 by Robert W. Baird. Avondale upgraded the stock to “Mkt Perform” rating in Monday, December 19 report. On Thursday, August 10 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of TrueBlue, Inc. (NYSE:TBI) earned “Sell” rating by Deutsche Bank on Thursday, October 20. The rating was maintained by Robert W. Baird with “Hold” on Friday, September 1. The rating was downgraded by Avondale to “Mkt Underperform” on Thursday, October 20. Below is a list of TrueBlue, Inc. (NYSE:TBI) latest ratings and price target changes.

01/11/2017 Broker: BMO Capital Markets Rating: Market Perform Old Target: $23 New Target: $26 Maintain
31/10/2017 Broker: Robert W. Baird Rating: Neutral Old Target: $25 New Target: $26 Maintain
13/10/2017 Broker: BMO Capital Markets Rating: Hold New Target: $23.0 Maintain
01/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $25.0 Maintain
10/08/2017 Broker: BMO Capital Markets Rating: Hold New Target: $23.0000 Maintain
11/07/2017 Broker: BMO Capital Markets Rating: Hold New Target: $28.0000 Maintain

The stock increased 0.18% or $0.05 during the last trading session, reaching $27.35. About 225,837 shares traded. TrueBlue, Inc. (NYSE:TBI) has risen 44.92% since December 8, 2016 and is uptrending. It has outperformed by 28.22% the S&P500.

TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. The company has market cap of $1.01 billion. It operates through three divisions: PeopleReady, PeopleManagement, and PeopleScout. It has a 19.96 P/E ratio. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in retail, manufacturing, warehousing, logistics, energy, construction, hospitality, and other industries under Labor Ready, CLP Resources, and Spartan Staffing brand names.

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