TriNet Group Inc (NYSE:TNET) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $58.63.
Several research firms have weighed in on TNET. Zacks Investment Research raised shares of TriNet Group from a “sell” rating to a “strong-buy” rating and set a $70.00 price target for the company in a research note on Friday, February 22nd. ValuEngine raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. JPMorgan Chase & Co. raised shares of TriNet Group from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $53.00 to $60.00 in a research note on Friday, February 15th. Finally, William Blair raised shares of TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 price objective for the company in a research note on Tuesday, February 12th. They noted that the move was a valuation call.
In related news, CEO Burton M. Goldfield sold 13,171 shares of TriNet Group stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $43.71, for a total value of $575,704.41. Following the transaction, the chief executive officer now directly owns 177,434 shares in the company, valued at approximately $7,755,640.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Edward Griese sold 1,141 shares of TriNet Group stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $41.61, for a total transaction of $47,477.01. Following the completion of the transaction, the vice president now owns 26,684 shares in the company, valued at $1,110,321.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 200,870 shares of company stock valued at $10,797,968. Insiders own 38.90% of the company’s stock.
NYSE:TNET traded up $0.20 during midday trading on Friday, hitting $61.39. The company had a trading volume of 6,378 shares, compared to its average volume of 521,784. TriNet Group has a 52-week low of $38.74 and a 52-week high of $63.65. The firm has a market capitalization of $4.32 billion, a PE ratio of 23.89 and a beta of 2.16. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.16 and a current ratio of 1.16.
TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 14th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.16. The company had revenue of $225.00 million during the quarter, compared to analyst estimates of $211.58 million. TriNet Group had a net margin of 5.48% and a return on equity of 56.98%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. On average, sell-side analysts forecast that TriNet Group will post 2.88 EPS for the current fiscal year.
TriNet Group Company Profile
TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefit law compliance; and other services.
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