Fintel reports that on May 22, 2023, BMO Capital upgraded their outlook for TrueBlue (NYSE:TBI) from Market Perform to Outperform .
Analyst Price Forecast Suggests 33.54% Upside
As of May 11, 2023, the average one-year price target for TrueBlue is 21.42. The forecasts range from a low of 18.18 to a high of $26.25. The average price target represents an increase of 33.54% from its latest reported closing price of 16.04.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for TrueBlue is 2,172MM, an increase of 0.19%. The projected annual non-GAAP EPS is 1.67.
What is the Fund Sentiment?
There are 433 funds or institutions reporting positions in TrueBlue. This is a decrease of 10 owner(s) or 2.26% in the last quarter. Average portfolio weight of all funds dedicated to TBI is 0.08%, a decrease of 15.82%. Total shares owned by institutions decreased in the last three months by 5.47% to 36,346K shares. 
The put/call ratio of TBI is 0.26, indicating a bullish outlook.
What are Other Shareholders Doing?
Pzena Investment Management holds 2,575K shares representing 8.52% ownership of the company. In it's prior filing, the firm reported owning 2,206K shares, representing an increase of 14.32%. The firm increased its portfolio allocation in TBI by 3.07% over the last quarter.
Hotchkis & Wiley Capital Management holds 2,511K shares representing 8.31% ownership of the company. In it's prior filing, the firm reported owning 2,469K shares, representing an increase of 1.66%. The firm decreased its portfolio allocation in TBI by 7.13% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 2,444K shares representing 8.09% ownership of the company. In it's prior filing, the firm reported owning 2,392K shares, representing an increase of 2.14%. The firm decreased its portfolio allocation in TBI by 4.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 942K shares representing 3.12% ownership of the company. No change in the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 801K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 788K shares, representing an increase of 1.62%. The firm decreased its portfolio allocation in TBI by 3.43% over the last quarter.
TrueBlue Background Information
(This description is provided by the company.)
TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions that help clients achieve business growth and improve productivity. In 2019, TrueBlue connected approximately 724,000 people and work. Its PeopleReady segment offers on-demand, industrial staffing, PeopleManagement offers contingent, on-site industrial staffing and commercial driver services, and PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions to a wide variety of industries.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
