Noble Financial Remains a Buy on Kelly Services (KELYA)

In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Kelly Services (KELYAResearch Report), with a price target of $25.00. The company’s shares closed last Monday at $20.70.

According to TipRanks.com, Gomes is a 5-star analyst with an average return of 35.6% and a 61.5% success rate. Gomes covers the Services sector, focusing on stocks such as Information Services Group, DLH Holdings, and Fat Brands.

Currently, the analyst consensus on Kelly Services is a Moderate Buy with an average price target of $25.50, implying a 22.4% upside from current levels. In a report issued on February 17, Barrington also maintained a Buy rating on the stock with a $24.00 price target.

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The company has a one-year high of $23.00 and a one-year low of $10.13. Currently, Kelly Services has an average volume of 131.5K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KELYA in relation to earlier this year.

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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 a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil. The Global Talent Solutions segment offers outsourcing, consulting, and centrally delivered staffing business. The International Staffing segment relates to branch-delivered staffing business in the Europe, Middle East, and Africa region, as well as in the Asia Pacific. The company was founded by William Russell Kelly on October 7, 1946 and is headquartered in Troy, MI.