Kelly Services, Inc. Class A (KELYA) Lifted to Buy at BidaskClub

Kelly Services, Inc. Class A (NASDAQ:KELYA) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Kelly Services, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Zacks Investment Research upgraded shares of Kelly Services, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Northcoast Research upgraded shares of Kelly Services, Inc. Class A from a “neutral” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Sidoti began coverage on shares of Kelly Services, Inc. Class A in a research report on Friday. They issued a “buy” rating and a $37.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Kelly Services, Inc. Class A currently has a consensus rating of “Buy” and an average target price of $34.50.

Shares of KELYA stock opened at $25.64 on Tuesday. Kelly Services, Inc. Class A has a 12-month low of $21.18 and a 12-month high of $32.31. The stock has a market cap of $1.01 billion, a P/E ratio of 11.65 and a beta of 0.92.

Kelly Services, Inc. Class A (NASDAQ:KELYA) last announced its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.11. Kelly Services, Inc. Class A had a net margin of 0.99% and a return on equity of 7.62%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. equities analysts predict that Kelly Services, Inc. Class A will post 2.1 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank grew its position in shares of Kelly Services, Inc. Class A by 3.2% during the 1st quarter. Swiss National Bank now owns 54,700 shares of the business services provider’s stock worth $1,588,000 after buying an additional 1,700 shares during the period. Rhumbline Advisers grew its position in shares of Kelly Services, Inc. Class A by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 75,818 shares of the business services provider’s stock worth $1,702,000 after buying an additional 2,271 shares during the period. Bank of New York Mellon Corp grew its position in shares of Kelly Services, Inc. Class A by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 498,699 shares of the business services provider’s stock worth $11,196,000 after buying an additional 2,613 shares during the period. New York State Teachers Retirement System grew its position in shares of Kelly Services, Inc. Class A by 4.5% during the 2nd quarter. New York State Teachers Retirement System now owns 70,206 shares of the business services provider’s stock worth $1,576,000 after buying an additional 3,000 shares during the period. Finally, Federated Investors Inc. PA grew its position in shares of Kelly Services, Inc. Class A by 2,180.0% during the 1st quarter. Federated Investors Inc. PA now owns 3,534 shares of the business services provider’s stock worth $103,000 after buying an additional 3,379 shares during the period. Hedge funds and other institutional investors own 67.03% of the company’s stock.

About Kelly Services, Inc. Class A

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions (GTS), and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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