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Barrett Business Services (BBSI) Jumps: Stock Rises 8.3%

Zacks Equity Research

Barrett Business Services Inc. (BBSI) was a big mover last session, as the company saw its shares rise by over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $82.34 and $86.36 in the past one-month time frame.

This business management solutions provider has seen 1 positive revision in the last 2 months and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Barrett Business Services. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road
Barrett Business Services currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other players in the outsourcing industry, which look attractive at current levels, include Paychex, Inc. (PAYX), Convergys Corporation (CVG) and Broadridge Financial Solutions, Inc. (BR). While Paychex and Convergys hold a Zacks Rank #2 (Buy), Broadridge Financial Solutions carries a Zacks Rank #1 (Strong Buy).

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BARRETT BUSINESS SERV INC (BBSI): Free Stock Analysis Report

PAYCHEX INC (PAYX): Free Stock Analysis Report

CONVERGYS CORP (CVG): Free Stock Analysis Report


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