BMO Capital Markets Cuts TrueBlue (NYSE:TBI) Price Target to $6.00

TrueBlue (NYSE:TBI) had its price target decreased by BMO Capital Markets from $8.00 to $6.00 in a report issued on Wednesday, MarketBeat.com reports. BMO Capital Markets currently has an outperform rating on the business services provider’s stock.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of TrueBlue in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, TrueBlue currently has a consensus rating of “Hold” and an average price target of $6.00.

TrueBlue Price Performance

TBI stock opened at $4.91 on Wednesday. The stock has a market cap of $147.03 million, a price-to-earnings ratio of -4.27 and a beta of 1.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.94. The company has a 50 day simple moving average of $5.76 and a 200 day simple moving average of $5.93. TrueBlue has a 1 year low of $3.45 and a 1 year high of $9.05.

TrueBlue (NYSE:TBI) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. The firm had revenue of $431.27 million for the quarter, compared to analysts’ expectations of $409.01 million. TrueBlue had a negative net margin of 2.21% and a negative return on equity of 5.74%. TrueBlue has set its Q4 2025 guidance at EPS. Research analysts anticipate that TrueBlue will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. State of Wyoming raised its position in shares of TrueBlue by 601.2% in the third quarter. State of Wyoming now owns 9,558 shares of the business services provider’s stock worth $59,000 after buying an additional 8,195 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of TrueBlue by 37.6% in the 3rd quarter. AE Wealth Management LLC now owns 26,960 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 7,367 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of TrueBlue by 36.6% during the 3rd quarter. Federated Hermes Inc. now owns 14,574 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 3,905 shares during the last quarter. Azarias Capital Management L.P. grew its holdings in shares of TrueBlue by 9.4% during the third quarter. Azarias Capital Management L.P. now owns 983,711 shares of the business services provider’s stock worth $6,030,000 after purchasing an additional 84,592 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of TrueBlue during the second quarter worth about $808,000. Institutional investors own 97.15% of the company’s stock.

About TrueBlue

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.