In a report released today, Vasundhara Govil from Morgan Stanley maintained a Hold rating on TriNet Group (NYSE: TNET), with a price target of $48. The company’s shares opened today at $51.86, close to its 52-week high of $52.50.
According to TipRanks.com, Govil is ranked #4128 out of 4772 analysts.
TriNet Group has an analyst consensus of Moderate Buy, with a price target consensus of $55.
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Based on TriNet Group’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $848 million and quarterly net profit of $66 million. In comparison, last year the company earned revenue of $808 million and had a net profit of $28.74 million.
Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Raymond Bingham, a Director at TNET sold 26,381 shares for a total of $1,251,970.
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TriNet Group, Inc. provides human resources outsourcing solutions including industry solutions to small and mid sized businesses. Its services include payroll processing, human capital consulting, employment law compliance and employee benefits, such as health insurance, retirement plans, and workers compensation insurance.
