Alert: Positive Investment/Fundamental Signals (12/4/23)-Barrett Business Services Inc (NASDAQ: BBSI)


Barrett Business Services Inc (NASDAQ: BBSI) has benefited from extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Barrett Business Services Inc (NASDAQ: BBSI) has recently enjoyed significant positive changes in fundamentals: the stock’s power rating rose above 70, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

BBSI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Barrett Business Services has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Barrett Business Services has a very low Appreciation Score of 14 but a good Power Rating of 85, producing the Neutral Value Trend Rating.

Recent Price Action

Barrett Business Services Inc (NASDAQ: BBSI) stock increased 1.5% on 12/4/23. The shares closed at $112.54. This advance was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.9% during the last week.

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