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

Zacks Investment Research upgraded shares of Staffing 360 Solutions (NASDAQ:STAF) from a hold rating to a buy rating in a report released on Friday. Zacks Investment Research currently has $2.75 target price on the business services provider’s stock.

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 cut Staffing 360 Solutions from a buy rating to a hold rating in a research report on Friday, January 4th.

Shares of STAF opened at $1.57 on Friday. 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 posted its quarterly earnings data on Monday, November 19th. The business services provider reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.37). The firm had revenue of $71.32 million during the quarter, compared to the consensus estimate of $76.16 million. On average, research analysts predict that Staffing 360 Solutions will post -1.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.04 dividend on an annualized basis and a yield of 2.55%.

An institutional investor recently bought a new position in Staffing 360 Solutions stock. Vanguard Group Inc purchased a new position in shares of Staffing 360 Solutions Inc (NASDAQ:STAF) during the third quarter, according to its most recent 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 reporting period. 2.34% of the stock is owned by hedge funds and other institutional investors.

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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