ManpowerGroup Downgraded by Northcoast Research to Neutral (MAN)
ManpowerGroup (NYSE:MAN) was downgraded by equities researchers at Northcoast Research from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of ManpowerGroup (NYSE:MAN) opened at 72.62 on Wednesday. ManpowerGroup has a 1-year low of $34.87 and a 1-year high of $77.31. The stock’s 50-day moving average is $71.06 and its 200-day moving average is $61.42. The company has a market cap of $5.685 billion and a P/E ratio of 27.73.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Friday, July 19th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the 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 last year, the company posted $0.76 earnings per share. ManpowerGroup’s revenue was down 3.2% compared to the same quarter last year. On average, analysts predict that ManpowerGroup will post $3.90 earnings per share for the current fiscal year.
A number of other firms have also recently commented on MAN. Analysts at Merrill Lynch upgraded shares of ManpowerGroup from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 2nd. Separately, analysts at Bank of America Corp. upgraded shares of ManpowerGroup from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 2nd. They now have a $85.00 price target on the stock, up previously from $71.00. Finally, analysts at BMO Capital Markets raised their price target on shares of ManpowerGroup 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $66.20.
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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