ManpowerGroup Upgraded to “Buy” at Merrill Lynch (MAN)
ManpowerGroup (NYSE:MAN) was upgraded by analysts at Merrill Lynch from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, AR Network reports.
A number of other analysts have also recently weighed in on MAN. Analysts at Bank of America Corp. upgraded shares of ManpowerGroup (NYSE:MAN) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $85.00 price target on the stock, up previously from $71.00. Separately, analysts at BMO Capital Markets raised their price target on shares of ManpowerGroup (NYSE:MAN) from $72.00 to $80.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of ManpowerGroup (NYSE:MAN) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. They now have a $73.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $63.82.
ManpowerGroup (NYSE:MAN) traded up 2.42% on Wednesday, hitting $74.88. The stock had a trading volume of 1,319,272 shares. ManpowerGroup has a 52-week low of $34.87 and a 52-week high of $77.31. The stock has a 50-day moving average of $70.08 and a 200-day moving average of $60.74. The company has a market cap of $5.862 billion and a P/E ratio of 27.75.
ManpowerGroup (NYSE:MAN) last released its earnings data on Friday, July 19th. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.02. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.00 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts expect that ManpowerGroup will post $3.90 EPS for the current fiscal year.
ManpowerGroup Inc, formerly Manpower Inc provides workforce solutions and services. The Company provides a comprehensive suite of high-impact workforce solutions and services for the entire business cycle, which includes recruitment and assessment, training and development, career management, outsourcing and workforce consulting.
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