Staffing 360 Solutions (STAF) Raised to Buy at Zacks Investment Research

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Staffing 360 Solutions (NASDAQ:STAF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage presently has a $2.75 price target on the business services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 58.05% from the company’s current price.

According to Zacks, “Staffing 360 Solutions, Inc. is engaged in a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK. Through both organic growth and acquisitions, the Company provides permanent placement services in the finance and accounting, administrative, engineering and IT staffing space. Staffing 360 Solutions, Inc. is headquartered in New York, with its UK headquarters in London. “

Separately, ValuEngine downgraded shares of Staffing 360 Solutions from a “buy” rating to a “hold” rating in a report on Friday, January 4th.

STAF stock traded down $0.44 during trading on Friday, hitting $1.74. 42,328 shares of the company’s stock traded hands, compared to its average volume of 687,054. Staffing 360 Solutions has a 52 week low of $1.14 and a 52 week high of $5.65.

Staffing 360 Solutions (NASDAQ:STAF) last released its earnings results on Monday, November 19th. The business services provider reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.37). The business had revenue of $71.32 million for the quarter, compared to analysts’ expectations of $76.16 million. Equities research analysts predict that Staffing 360 Solutions will post -1.19 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Staffing 360 Solutions stock. Vanguard Group Inc purchased a new stake in Staffing 360 Solutions Inc (NASDAQ:STAF) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned about 0.44% of Staffing 360 Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 2.51% of the company’s stock.

Staffing 360 Solutions Company Profile

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. The company operates through three segments: Commercial – US, Professional – US, and Professional – UK. It focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.

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