Barrington Reiterates a Buy Rating on Kelly Services (KELYA)


Barrington analyst Kevin Steinke reiterated a Buy rating on Kelly Services (KELYA) today and set a price target of $26.00. The company’s shares closed last Friday at $20.37.

According to TipRanks.com, Steinke is a 4-star analyst with an average return of 11.6% and a 56.4% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Icf International, and Sharps Compliance.

Currently, the analyst consensus on Kelly Services is a Moderate Buy with an average price target of $25.50, representing a 25.2% upside. In a report released today, Noble Financial also maintained a Buy rating on the stock with a $25.00 price target.

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Based on Kelly Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.04 billion and net profit of $16.7 million. In comparison, last year the company earned revenue of $1.27 billion and had a GAAP net loss of $10.5 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KELYA in relation to earlier this year.

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Kelly Services, Inc. engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil. The Global Talent Solutions segment offers outsourcing, consulting, and centrally delivered staffing business. The International Staffing segment relates to branch-delivered staffing business in the Europe, Middle East, and Africa region, as well as in the Asia Pacific. The company was founded by William Russell Kelly on October 7, 1946 and is headquartered in Troy, MI.

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