News coverage about Trueblue (NYSE:TBI) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Trueblue earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.2431766397697 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
TBI has been the subject of a number of research analyst reports. TheStreet raised shares of Trueblue from a “c+” rating to a “b” rating in a research note on Friday, November 17th. Zacks Investment Research lowered shares of Trueblue from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price target on shares of Trueblue in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Trueblue has a consensus rating of “Hold” and a consensus price target of $28.67.
Shares of Trueblue (NYSE TBI) opened at $27.95 on Monday. The firm has a market cap of $1,148.45, a P/E ratio of 21.02 and a beta of 2.18. Trueblue has a one year low of $19.30 and a one year high of $29.50. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.21.
In related news, Director Bonnie W. Soodik sold 20,871 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $27.85, for a total transaction of $581,257.35. Following the completion of the sale, the director now directly owns 2,119 shares of the company’s stock, valued at $59,014.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This article was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.themarketsdaily.com/2018/03/12/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-trueblue-tbi-stock-price.html.
TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.
Receive News & Ratings for Trueblue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trueblue and related companies with MarketBeat.com's FREE daily email newsletter.