Deutsche Bank analyst Kevin Mcveigh maintained a Sell rating on Trueblue Inc (NYSE: TBI) yesterday and set a price target of $20. The company’s shares closed yesterday at $22.09.
According to TipRanks.com, Mcveigh is a 2-star analyst with an average return of 0.0% and a 80.0% success rate. Mcveigh covers the Services sector, focusing on stocks such as Korn/Ferry International, Global Payments Inc., and Heidrick & Struggles.
Trueblue Inc has an analyst consensus of Moderate Sell, with a price target consensus of $22.33.
The company has a one year high of $30.25 and a one year low of $17.35. Currently, Trueblue Inc has an average volume of 361k.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2016, Wayne Larkin, a the Pres&COO Staffing Solutions of TBI sold 13,000 shares for a total of $325,000.
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 two reportable segments: Staffing Services and Managed Services. Staffing Services segment provides a wide range of blue-collar staffing services including general labor, light industrial, skilled trades, aviation and transportation mechanics and technicians, and drivers. Managed Services segment includes newly acquired PeopleScout and Australia-based hrX service lines, together with the MSP portion of the Staff Management service lines. It serves small and midsize businesses in the construction, manufacturing, waste, wholesale, retail, transportation, aviation, hospitality, energy industries. TrueBlue was founded by John Ross Coghlan and Glenn Welstad in 1989 and is headquartered in Tacoma, WA.