Kelly Services (NASDAQ:KELYA) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Kelly Services (NASDAQ:KELYA – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages also recently weighed in on KELYA. Weiss Ratings raised shares of Kelly Services from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Barrington Research upped their target price on shares of Kelly Services from $15.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.00.

Get Our Latest Stock Analysis on Kelly Services

Kelly Services Stock Performance

Kelly Services stock opened at $15.59 on Friday. The stock has a 50-day simple moving average of $16.24 and a 200 day simple moving average of $13.06. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. Kelly Services has a 12-month low of $7.98 and a 12-month high of $17.75. The stock has a market capitalization of $541.44 million, a price-to-earnings ratio of -2.00, a P/E/G ratio of 1.09 and a beta of 0.88.

Kelly Services (NASDAQ:KELYA – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $0.52 EPS. On average, research analysts anticipate that Kelly Services will post 1.10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kelly Services

Several hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in shares of Kelly Services during the first quarter worth approximately $4,371,000. Donald Smith & CO. Inc. acquired a new position in Kelly Services in the second quarter valued at approximately $5,704,000. RBF Capital LLC acquired a new position in Kelly Services in the fourth quarter valued at approximately $1,161,000. JB Capital Partners LP grew its holdings in Kelly Services by 76.3% during the 4th quarter. JB Capital Partners LP now owns 207,160 shares of the business services provider’s stock worth $1,823,000 after acquiring an additional 89,674 shares during the period. Finally, Mangrove Partners IM LLC acquired a new stake in Kelly Services during the 4th quarter worth $619,000. Institutional investors own 76.34% of the company’s stock.

Kelly Services Company Profile

(Get Free Report)

Kelly Services, Inc is a workforce solutions and talent management company that connects employers with workers across a range of industries and skill levels. The company provides temporary, contract-to-hire and direct-hire staffing, as well as recruiting, workforce management and outsourcing services.

Its offerings support organizations in areas including professional and industrial staffing, education, science and clinical services, engineering, and office and administrative functions.

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