ManpowerGroup Insider Sells $17,949,200 in Stock (MAN)
ManpowerGroup (NYSE:MAN) Insider Jeffrey Joerres sold 230,000 shares of ManpowerGroup stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $78.04, for a total value of $17,949,200.00. Following the sale, the insider now directly owns 292,336 shares of the company’s stock, valued at approximately $22,813,901. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MAN shares. Analysts at Barclays raised their price target on shares of ManpowerGroup from $74.00 to $80.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of ManpowerGroup from $66.00 to $81.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of ManpowerGroup from $72.00 to $91.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $81.56.
Shares of ManpowerGroup (NYSE:MAN) traded up 0.37% during mid-day trading on Friday, hitting $79.00. 490,615 shares of the company’s stock traded hands. 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 $68.04 and its 200-day moving average is $59.14. The company has a market cap of $6.185 billion and a P/E ratio of 29.87.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Monday, October 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis.
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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