Stock To Watch: TrueBlue, Inc. (NYSE:TBI)


The leading market experts have placed a mean price target of $22.25 on TrueBlue, Inc. (NYSE:TBI) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.67 a share for the upcoming quarter and $2.02 for the current fiscal. Technical View The technical analysis of TrueBlue, Inc. Common Stock plainly substantiates that the 50-day moving average of TrueBlue, Inc. Common Stock is $19.28, and stock is hovering 0.12 or +0.62% distant from $19.28. It is noted that the 200-day MA is $22.76, and TrueBlue, Inc. Common Stock stock is $-3.36 or -14.76% off from this point. TrueBlue, Inc. (NYSE:TBI) 52-week high is $31.12 and the 52-week low is $17.84. This explains if the stock moves $-11.72, it will post a 52-week high. In event of $+8.74% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of TrueBlue, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, TrueBlue, Inc. (NYSE:TBI) ratio came in at 11.17. The stock last ended the trading session at $19.40 and registered a market cap of $797.96M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. TrueBlue, Inc. (NYSE:TBI) PEG ratio is at 0.96.

1 Chart Pattern Every Investor Should Know

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