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Kelly Services (KELYA)
Initiating Coverage on a Leading Staffing Company Poised for Additional Growth.
Kelly Services provides workforce solutions to a diversified group of customers in three regions: the Americas; Europe, the Middle East, and Africa (“EMEA”); and Asia Pacific (“APAC”). The customer base spans a variety of industries and includes more than 90 percent of the Fortune 100 companies. In 2018, the assigned approximately 500,000 temporary employees to a variety of customers around the globe.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Initiation of Coverage. We are initiating coverage of Kelly Services with an Outperform rating and $32 12-month price target. At our price target, KELYA shares would trade at 12.9x our projected 2019 EPS and 8.8x our projected EBITDA, in-line with its peer group.
- A Market Leader. One of the pioneers of the staffing industry, Kelly is the fourth largest U.S.-based staffing firm with leading positions in...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.