Last Updated: 13 Sep 2024
Executive Summary
Barrett Business Services Inc. (BBSI) is a provider of business management solutions for small and medium-sized businesses in the United States. The company has a market capitalization of $936.51 million and trades on the NASDAQ exchange under the symbol BBSI. The latest stock price is $36.16. The company has a trailing price-to-earnings (P/E) ratio of 19.62 and a forward P/E ratio of 16.23. Analysts have a consensus rating of "Buy" on the stock, with a target price of $39.75.
Company Overview
Barrett Business Services was founded in 1995 and is headquartered in Vancouver, Washington. The company provides a range of services to small and medium-sized businesses, including accounting, payroll, tax preparation, and human resources. The company has over 26,000 customers and operates in all 50 states.
Fundamental Analysis
Barrett Business Services has a strong financial profile. The company has a healthy balance sheet with low debt levels and a strong cash position. The company's revenue and earnings have grown steadily in recent years. In the latest quarter, the company reported revenue of $1095.44 million and earnings per share (EPS) of $1.82. The company's profit margin is 4.5% and its operating margin is 5.17%. The company's return on assets (ROA) is 5.16% and its return on equity (ROE) is 26.2%.
Technical Analysis
The technical analysis of Barrett Business Services is mixed. The stock is currently trading above its 50-day moving average but below its 200-day moving average. The stock's relative strength index (RSI) is 55, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for Barrett Business Services is positive. The company's financial performance is strong and the stock is trading at a reasonable valuation. The stock is also supported by a positive technical trend.
Long Term Outlook
The long-term outlook for Barrett Business Services is also positive. The company is well-positioned to benefit from the growing demand for business management solutions from small and medium-sized businesses. The company's strong financial profile and experienced management team should enable it to continue to grow its business and generate shareholder value.
Analyst Recommendations
Analysts have a consensus rating of "Buy" on Barrett Business Services. The average target price for the stock is $39.75. Analysts believe that the company's strong financial performance and positive long-term outlook make it a good investment for investors.
