Stock Rating Downgrade
In recent days the Value Trend Rating for Kelly Services Inc. (NASDAQ: KELYA) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Kelly Services Inc. (NASDAQ: KELYA) stock increased 1.8% on 9/10/24. The shares closed at $20.54. However, trading volume in this advance was below average at 82% of normal. The stock has performed in line with the market over the last nine months and has declined -2.7% during the last week.
Current PriceTarget Research Rating
KELYA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Kelly Services has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Kelly Services has a good Appreciation Score of 82 but a neutral Power Rating of 44, leading to the High Neutral Value Trend Rating.
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