TrueBlue, Inc. with ticker code (TBI) now have 3 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 25 and 21 with the average target price sitting at $22.33. Now with the previous closing price of $17.46 and the analysts are correct then we can expect a percentage increase in value of 27.9%. The 50 day moving average now sits at $18.20 while the 200 day moving average is $19.61. The company has a market cap of $566m. Company Website: https://www.trueblue.com
The potential market cap would be $723m based on the market consensus.
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company’s PeopleReady segment provides general, industrial, and skilled trade staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries. Its PeopleManagement segment offers contingent, on-site industrial staffing, and commercial driver services, which includes 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 company’s PeopleScout segment provides recruitment process outsourcing, talent advisory services, and managed service provider solutions including sourcing, screening, hiring, and onboarding services; operates Affinix, a technology platform which uses artificial intelligence and machine learning for real-time insights; and contingent labor programs including vendor selection, performance management, compliance monitoring, and risk management. TrueBlue, Inc. was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. The company was incorporated in 1985 and is headquartered in Tacoma, Washington.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 9.39, revenue per share of 68.54 and a 4.2% return on assets.
