ManpowerGroup Given a $89.00 Price Target at Jefferies Group (MAN)
Investment analysts at Jefferies Group set a $89.00 target price on shares of ManpowerGroup (NYSE:MAN) stock in a note issued to investors on Tuesday, Stock Ratings News reports. Jefferies Group’s target price indicates a potential upside of 13.75% from the company’s current price.
MAN has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of ManpowerGroup in a research note to investors on Friday, October 11th. They now have a $85.00 price target on the stock, up previously from $74.00. Separately, analysts at Northcoast Research downgraded shares of ManpowerGroup from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. Finally, 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. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. ManpowerGroup presently has a consensus rating of “Buy” and an average price target of $70.73.
Shares of ManpowerGroup (NYSE:MAN) opened at 78.24 on Tuesday. ManpowerGroup has a 52-week low of $34.91 and a 52-week high of $81.71. The stock has a 50-day moving average of $73.79 and a 200-day moving average of $62.72. The company has a market cap of $6.125 billion and a price-to-earnings ratio of 29.69.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Monday, October 21st. The company reported $1.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.10. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter last year, the company posted $0.79 earnings per share. ManpowerGroup’s revenue was up .3% compared to the same quarter last 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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