TriNet Group (TNET) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $26 and the lowest price target forecast is $20. The average forecast of all the analysts is $23 and the expected standard deviation is $2.94.
TriNet Group (TNET) : 6 analysts are covering TriNet Group (TNET) and their average rating on the stock is 2.08, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. TriNet Group (TNET) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity Analysts at the Jefferies maintains the rating on TriNet Group (NYSE:TNET). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $17 per share to $20 per share. The rating by the firm was issued on August 5, 2016.
TriNet Group (NYSE:TNET): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.04 and $20.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.26, notching a gain of 1.24% for the day. The total traded volume was 303,456 . The stock had closed at $21.00 on the previous day.
TriNet Group, Inc. is a provider of a human resources solution for small to medium-sized businesses (SMBs). The Companys human resource solution includes services, such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Its services are delivered by HR professionals and enabled by its cloud-based technology platform, which allows its clients and employees of clients to conduct HR transactions anytime and anywhere. The Company serves thousands of clients in specific industry vertical markets, including technology, life sciences, property management, professional services, banking and financial services, retail, manufacturing and hospitality services, as well as non-profit entities. As of December 31, 2014, it served over 10,000 clients in all 50 states of the United States, the District of Columbia and Canada.