Zacks Investment Research upgraded shares of Kelly Services (NASDAQ:KELYA) from a sell rating to a hold rating in a research note released on Friday, Zacks.com reports.

According to Zacks, “Kelly Services, Inc. is a global leader of providing workforce solutions. Kelly Services, Inc. and its subsidiaries, offer a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire, and direct-hire basis. The company provides temporary office clerical, marketing, professional, technical, light industrial, home care services, management services and other business services to a diversified group of customers through offices located in major cities of the United States, Australia, Canada, Denmark, France, Ireland, Italy, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Russia, Spain, Switzerland and United Kingdom. Kelly Temporary Services provides office clerical, marketing, professional, technical, semi-skilled light industrial and management services. “

KELYA has been the topic of a number of other research reports. ValuEngine upgraded shares of Kelly Services from a sell rating to a hold rating in a research note on Friday, June 5th. TheStreet lowered shares of Kelly Services from a c rating to a d+ rating in a research note on Monday, May 4th. Barrington Research initiated coverage on shares of Kelly Services in a research note on Thursday, June 25th. They set an outperform rating and a $25.00 price objective on the stock. Noble Financial lowered shares of Kelly Services from an outperform rating to a market perform rating and set a $28.00 price objective on the stock. in a research note on Thursday, April 16th. Finally, BidaskClub upgraded shares of Kelly Services from a sell rating to a hold rating in a research note on Friday, June 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $25.00.

Shares of KELYA stock opened at $15.38 on Friday. The stock has a market cap of $584.14 million, a price-to-earnings ratio of -9.44, a price-to-earnings-growth ratio of 3.36 and a beta of 1.08. The firm’s 50 day moving average price is $14.71 and its two-hundred day moving average price is $16.72. Kelly Services has a fifty-two week low of $10.13 and a fifty-two week high of $28.91. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.07.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Monday, May 4th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.11). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Kelly Services had a negative net margin of 1.20% and a positive return on equity of 6.35%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. On average, equities analysts forecast that Kelly Services will post 0.44 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Kelly Services during the fourth quarter valued at $39,000. Assetmark Inc. bought a new stake in Kelly Services during the fourth quarter valued at $39,000. Parallel Advisors LLC increased its stake in Kelly Services by 684.8% during the first quarter. Parallel Advisors LLC now owns 2,841 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 2,479 shares during the last quarter. Federated Hermes Inc. increased its stake in Kelly Services by 46.4% during the first quarter. Federated Hermes Inc. now owns 3,125 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 990 shares during the last quarter. Finally, TFG Advisers LLC bought a new stake in Kelly Services during the fourth quarter valued at $77,000. Institutional investors and hedge funds own 67.51% of the company’s stock.

Kelly Services Company Profile

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, 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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