Kelly Services (NASDAQ:KELYA) Receives “Outperform” Rating from Barrington Research

Kelly Services (NASDAQ:KELYA)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a report issued on Friday,Benzinga reports. They presently have a $16.00 price objective on the business services provider’s stock. Barrington Research’s price target would suggest a potential upside of 48.15% from the company’s current price.

A number of other research firms also recently weighed in on KELYA. Zacks Research raised shares of Kelly Services from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d)” rating on shares of Kelly Services in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered Kelly Services from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Kelly Services Price Performance

KELYA opened at $10.80 on Friday. Kelly Services has a twelve month low of $7.98 and a twelve month high of $15.11. The firm has a market cap of $381.67 million, a price-to-earnings ratio of -2.41, a PEG ratio of 0.48 and a beta of 0.79. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $9.36 and a 200 day simple moving average of $11.33.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, November 6th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The business had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $972.80 million. Kelly Services had a positive return on equity of 5.74% and a negative net margin of 3.58%. Equities research analysts expect that Kelly Services will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KELYA. CSM Advisors LLC acquired a new stake in shares of Kelly Services in the second quarter worth $4,807,000. Dynamic Technology Lab Private Ltd purchased a new stake in Kelly Services in the 2nd quarter worth about $727,000. Creative Planning boosted its position in Kelly Services by 56.7% during the 2nd quarter. Creative Planning now owns 90,287 shares of the business services provider’s stock worth $1,057,000 after acquiring an additional 32,669 shares during the period. LSV Asset Management grew its stake in Kelly Services by 11.6% during the 2nd quarter. LSV Asset Management now owns 561,329 shares of the business services provider’s stock valued at $6,573,000 after acquiring an additional 58,200 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Kelly Services in the 2nd quarter valued at about $1,349,000. 76.34% of the stock is owned by institutional investors and hedge funds.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.