Staffing 360 Solutions Inc (STAF) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Shares of Staffing 360 Solutions Inc (NASDAQ:STAF) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $4.00 for the company and are forecasting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Staffing 360 Solutions an industry rank of 36 out of 255 based on the ratings given to related companies.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Staffing 360 Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. ValuEngine lowered shares of Staffing 360 Solutions from a “buy” rating to a “hold” rating in a report on Friday, January 4th.

An institutional investor recently bought a new position in Staffing 360 Solutions stock. Vanguard Group Inc bought a new position in Staffing 360 Solutions Inc (NASDAQ:STAF) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned 0.44% of Staffing 360 Solutions at the end of the most recent quarter. 2.34% of the stock is currently owned by institutional investors and hedge funds.

STAF stock opened at $1.53 on Friday. Staffing 360 Solutions has a 52-week low of $1.14 and a 52-week high of $5.65.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 15th will be issued a $0.01 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.04 dividend on an annualized basis and a yield of 2.61%.

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.

See Also: Coverage Ratio

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