TrueBlue found using ticker (TBI) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 40 and 36 and has a mean target at 37.33. Given that the stocks previous close was at 22.84 this is indicating there is a potential upside of 63.4%. The 50 day MA is 27.36 while the 200 day moving average is 27.51. The company has a market cap of $762m. You can visit the company’s website by visiting: https://www.trueblue.com
The potential market cap would be $1,246m based on the market concensus.
TrueBlue, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. This segment also offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages clients’ contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready and changed its name to TrueBlue in December 2007. TrueBlue was incorporated in 1985 and is headquartered in Tacoma, Washington.
