Kelly Services A: Barrington Research maintains a 'Outperform' Rating, The Target Price is $25

Barrington Research maintains 'Outperform' rating on Kelly Services A(KELYA).

The target price is unchanged and still at 25 .

[Recent Rating]

Date	Agency	Change	Rating	Rating （previously）	Target Price	Target Price（previously）
2025-02-12	Barrington Research	Maintains	Outperform	Outperform	$25	$25

[Company Profile] Kelly Services, Inc. founded by William R. Kelly in 1946,Kelly Services is a global workforce solutions company, serving customers of all sizes in a variety of industries. Their staffing operations are divided into three regions (Americas, EMEA and APAC), with commercial and professional/technical staffing businesses in each region. As the human capital arena has become more complex, they have also developed a suite of innovative solutions within their global Outsourcing & Consulting Group (OCG). OCG delivers integrated talent management solutions to meet customer needs across the entire spectrum of talent categories. Using talent supply chain strategies, they help customers plan for and manage their acquisition of contingent and full-time labor, and gain access to service providers and quality talent at competitive rates with minimized risk. In July 2016, they transferred their APAC Commercial and APAC PT staffing operations to TS Kelly Asia Pacific, an expanded joint venture with their long-time partner, Temp Holdings. OCG in the APAC region remains wholly Kelly-owned and continues to provide holistic workforce solutions throughout the APAC region. They earn revenues from the hourly sales of services by their temporary employees to customers, as a result of recruiting permanent employees for their customers, and through their outsourcing activities. Their working capital requirements are primarily generated from temporary employee payroll and customer accounts receivable. The nature of their business is such that trade accounts receivable are their most significant asset. Average days sales outstanding varies within and outside the U.S., but is 53 days on a global basis as of the 2016 year end. Since receipts from customers generally lag temporary employee payroll, working capital requirements increase substantially in periods of growth.