StockNews.com Upgrades Kelly Services (NASDAQ:KELYA) to “Buy”

Kelly Services (NASDAQ:KELYA – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, Barrington Research lowered their price objective on shares of Kelly Services from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st.

Kelly Services Price Performance

KELYA stock opened at $18.29 on Friday. Kelly Services has a 12 month low of $13.41 and a 12 month high of $22.56. The firm has a market cap of $679.91 million, a PE ratio of -182.90, a P/E/G ratio of 0.90 and a beta of 1.12. The firm has a 50 day simple moving average of $16.30 and a 200 day simple moving average of $16.74.

Kelly Services (NASDAQ:KELYA – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The business services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.13). Kelly Services had a negative net margin of 1.26% and a positive return on equity of 4.07%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company posted $0.65 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Kelly Services will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Kelly Services

Institutional investors have recently modified their holdings of the stock. US Bancorp DE lifted its stake in shares of Kelly Services by 16.9% in the 1st quarter. US Bancorp DE now owns 4,185 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 606 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Kelly Services by 3.0% in the 2nd quarter. Sei Investments Co. now owns 20,670 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 609 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Kelly Services by 4.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,102 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 612 shares during the last quarter. Boston Partners lifted its stake in shares of Kelly Services by 2.0% in the 3rd quarter. Boston Partners now owns 35,131 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 704 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in Kelly Services by 21.5% during the 2nd quarter. Captrust Financial Advisors now owns 4,141 shares of the business services provider’s stock worth $82,000 after acquiring an additional 734 shares during the last quarter. Institutional investors and hedge funds own 74.86% of the company’s stock.

Kelly Services Company Profile

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Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in several staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.