Zacks: Barrett Business Services, Inc. (NASDAQ:BBSI) Given Average Recommendation of “Strong Buy” by Brokerages

Barrett Business Services, Inc. (NASDAQ:BBSI) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $62.50 for the company and are forecasting that the company will post $1.63 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Barrett Business Services an industry rank of 177 out of 265 based on the ratings given to related companies.

Shares of Barrett Business Services (NASDAQ:BBSI) opened at 43.54 on Monday. Barrett Business Services has a one year low of $25.21 and a one year high of $53.00. The company has a market capitalization of $313.53 million and a price-to-earnings ratio of 14.67. The company has a 50-day moving average price of $42.99 and a 200 day moving average price of $40.74.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. The business earned $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts forecast that Barrett Business Services will post $3.46 EPS for the current fiscal year.

BBSI has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Barrett Business Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. Sidoti initiated coverage on shares of Barrett Business Services in a report on Wednesday, September 30th. They issued a “buy” rating for the company. Finally, Roth Capital reiterated a “buy” rating on shares of Barrett Business Services in a report on Tuesday, November 10th.

12 Month Chart for NASDAQ:BBSI

Barrett Business Services, Inc. is a provider of business management solutions for small-and mid-sized companies. The Company has developed a management platform that integrates an approach from the management consulting industry with tools from the human resource outsourcing industry. The Company offers two categories of services: Professional Employer Services (NASDAQ:BBSI) and Staffing. The Company’s professional employer service fees are generated from client services agreements with its clients; the Company enters into a co-employment arrangement in which it becomes the administrative employer and the client maintains care, custody and control of its operations. The Company generates staffing services revenues primarily from short-term staffing, contract staffing, on-site management and direct placement services. The Company operates through a network of branch offices throughout California, Oregon, Washington, Idaho, Arizona, Nevada, Utah, Colorado, Maryland, Delaware and North Carolina.

Get a free copy of the Zacks research report on Barrett Business Services (BBSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

 

Latest News

Oracle Buying Textura at a Price of $663 Million
Oracle Buying Textura at a Price of $663 Million
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
Verizon Working With Authorities On Sabotage Incidents
Verizon Working With Authorities On Sabotage Incidents
UPS Profit Increases During First Quarter by 10%
UPS Profit Increases During First Quarter by 10%
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Boeing Profit Drops on Lag in Commercial Deliveries
Boeing Profit Drops on Lag in Commercial Deliveries


Leave a Reply

 
© 2006-2017 The Vista Voice. Subscribe