Kelly Services (KELYA) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Kelly Services (NASDAQ:KELYA) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Separately, BidaskClub downgraded Kelly Services from a hold rating to a sell rating in a research note on Friday, September 21st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $34.50.

KELYA stock traded down $0.01 during trading on Wednesday, reaching $22.38. The stock had a trading volume of 85,409 shares, compared to its average volume of 87,213. Kelly Services has a 52 week low of $19.21 and a 52 week high of $32.31. The company has a market cap of $870.60 million, a price-to-earnings ratio of 10.17 and a beta of 0.78.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Wednesday, November 7th. The business services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.18. Kelly Services had a return on equity of 7.45% and a net margin of 1.17%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company earned $0.58 earnings per share. Kelly Services’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Kelly Services will post 2.3 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of KELYA. Rhumbline Advisers raised its stake in Kelly Services by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 75,818 shares of the business services provider’s stock valued at $1,702,000 after purchasing an additional 2,271 shares during the period. Bank of New York Mellon Corp grew its holdings in Kelly Services by 0.5% during the 2nd 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. IndexIQ Advisors LLC grew its holdings in Kelly Services by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 78,280 shares of the business services provider’s stock valued at $1,881,000 after buying an additional 2,958 shares in the last quarter. Legal & General Group Plc grew its holdings in Kelly Services by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 94,915 shares of the business services provider’s stock valued at $2,128,000 after buying an additional 4,067 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Kelly Services by 384.8% during the 2nd quarter. Sei Investments Co. now owns 5,759 shares of the business services provider’s stock valued at $129,000 after buying an additional 4,571 shares in the last quarter. 66.22% of the stock is currently owned by hedge funds and other institutional investors.

Kelly Services Company Profile

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: How can investors find ex-dividend dates?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit