ManpowerGroup Hits New 52-Week High at $77.32 (MAN)
Shares of ManpowerGroup (NYSE:MAN) hit a new 52-week high during trading on Friday, AmericanBankingNews.com reports. The stock traded as high as $77.32 and last traded at $77.15, with a volume of 541,730 shares trading hands. The stock had previously closed at $74.86.
A number of analysts have recently weighed in on MAN shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of ManpowerGroup in a research note to investors on Friday. They now have a $85.00 price target on the stock, up previously from $74.00. Separately, analysts at Jefferies Group initiated coverage on shares of ManpowerGroup in a research note to investors on Friday. They set a “buy” rating and a $74.86 price target on the stock. Finally, analysts at Northcoast Research downgraded shares of ManpowerGroup from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $69.44.
ManpowerGroup has a one year low of $34.87 and a one year high of $77.31. The stock’s 50-day moving average is $71.46 and its 200-day moving average is $61.59. The company has a market cap of $6.046 billion and a P/E ratio of 28.41.
ManpowerGroup (NYSE:MAN) last released its earnings data on Friday, July 19th. The company reported $0.88 earnings per share for the quarter, missing the analysts’ 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.
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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