What’s Next for TriNet Group, Inc. (TNET) After Achieving 52-Week High?

May 17, 2018 - By Mona Holcomb

TriNet Group, Inc. (NYSE:TNET) Logo

The stock of TriNet Group, Inc. (NYSE:TNET) hit a new 52-week high and has $57.48 target or 8.00 % above today’s $53.22 share price. The 8 months bullish chart indicates low risk for the $3.74B company. The 1-year high was reported on May, 17 by Barchart.com. If the $57.48 price target is reached, the company will be worth $299.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.41% or $0.22 during the last trading session, reaching $53.22. About 434,268 shares traded or 3.55% up from the average. TriNet Group, Inc. (NYSE:TNET) has risen 62.79% since May 17, 2017 and is uptrending. It has outperformed by 51.24% the S&P500.

Analysts await TriNet Group, Inc. (NYSE:TNET) to report earnings on July, 30. They expect $0.60 earnings per share, up 33.33 % or $0.15 from last year’s $0.45 per share. TNET’s profit will be $42.18 million for 22.18 P/E if the $0.60 EPS becomes a reality. After $0.71 actual earnings per share reported by TriNet Group, Inc. for the previous quarter, Wall Street now forecasts -15.49 % negative EPS growth.

TriNet Group, Inc. (NYSE:TNET) Ratings Coverage

Among 2 analysts covering Trinet Group (NYSE:TNET), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Trinet Group had 5 analyst reports since February 28, 2018 according to SRatingsIntel. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Wednesday, April 4 report. The rating was maintained by Stifel Nicolaus on Wednesday, February 28 with “Buy”. As per Thursday, April 12, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Morgan Stanley on Tuesday, May 1 with “Equal-Weight”. The company was maintained on Tuesday, May 1 by Stifel Nicolaus.

More important recent TriNet Group, Inc. (NYSE:TNET) news were published by: Globenewswire.com which released: “TriNet Names Olivier Kohler Senior Vice President and Chief Operations Officer” on May 07, 2018, also Seekingalpha.com published article titled: “Tracking William Von Mueffling’s Cantillon Capital Management Portfolio – Q1 2018 Update”, Seekingalpha.com published: “More on TriNet Group Q1” on May 01, 2018. More interesting news about TriNet Group, Inc. (NYSE:TNET) was released by: Streetinsider.com and their article: “TriNet Group (TNET) Names Olivier Kohler SVP and COO” with publication date: May 07, 2018.

TriNet Group, Inc. provides human resources solutions for small and midsize businesses in the United States and Canada. The company has market cap of $3.74 billion. The firm offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; local, state, and federal employment and benefit laws; and other services. It has a 21.37 P/E ratio. It serves clients in various industries, including technology, life sciences, not-for-profit, professional services, financial services, property management, retail, manufacturing, and hospitality.

TriNet Group, Inc. (NYSE:TNET) Ratings Chart

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