TriNet Group Inc (NYSE:TNET) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Having a price of $20.63, TriNet Group Inc (NYSE:TNET) traded -3.01% lower on the day. With the last stock price up 3.92% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $21.14 and a 200-day moving average of $19.71. 162,352 shares of the stock were exchanged, down from an average trading volume of 375,380
Zacks Investment Research has downgraded TriNet Group Inc (NYSE:TNET) to Strong Sell in a statement released on 10/11/2016.
Previously on 8/04/2016, Morgan Stanley released a statement about TriNet Group Inc (NYSE:TNET) raised the target price from $0.00 to $22.00 that suggested an upside of 0.05%.
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TriNet Group Inc has 52 week low of $11.10 and a 52 week high of $22.97 with a PE ratio of 35.94 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 firms have reported on the stock. The consensus target price is $19.17 with 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About TriNet Group Inc (NYSE:TNET)
TriNet Group, Inc. (TriNet) is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company's human resource solutions include offerings, such as multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; federal, state and local labor, employment and benefit law compliance; risk mitigation, including employment practices claims management; expense and time management, and human capital consulting. Its cloud-based HR software systems are used by its clients and their employees, whom it refers to as worksite employees (WSEs), to store and manage their HR-related information and conduct a range of HR-related transactions anytime and across the world. It has served over 12,700 clients in all over 50 states, the District of Columbia and Canada, co-employed over 324,000 WSEs.
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