Kelly Services (NASDAQ:KELYA) Stock Rating Upgraded by Zacks Research

Kelly Services (NASDAQ:KELYA) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Barrington Research lowered their price target on Kelly Services from $25.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Wall Street Zen downgraded shares of Kelly Services from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.00.

Kelly Services Stock Performance

Kelly Services stock opened at $10.09 on Monday. Kelly Services has a 52 week low of $7.98 and a 52 week high of $15.11. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. The stock has a market cap of $356.57 million, a P/E ratio of -2.25, a price-to-earnings-growth ratio of 0.42 and a beta of 0.79. The stock has a 50 day moving average of $8.83 and a 200-day moving average of $11.56.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). Kelly Services had a positive return on equity of 5.74% and a negative net margin of 3.58%.The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $972.80 million. On average, analysts expect that Kelly Services will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. CSM Advisors LLC bought a new position in shares of Kelly Services in the second quarter valued at approximately $4,807,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kelly Services during the second quarter valued at $727,000. Creative Planning boosted its holdings in shares of Kelly Services by 56.7% in the second quarter. Creative Planning now owns 90,287 shares of the business services provider’s stock worth $1,057,000 after buying an additional 32,669 shares during the period. LSV Asset Management grew its holdings in shares of Kelly Services by 11.6% during the second quarter. LSV Asset Management now owns 561,329 shares of the business services provider’s stock valued at $6,573,000 after buying an additional 58,200 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Kelly Services in the 2nd quarter worth approximately $1,349,000. Institutional investors and hedge funds own 76.34% of the company’s stock.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.