ManpowerGroup Receives Average Rating of “Buy” from Analysts (NYSE:MAN)
ManpowerGroup (NYSE:MAN) has been given an average rating of “Buy” by the twelve ratings firms that are currently covering the stock, AnalystRatingsNetwork reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $92.63.
In other ManpowerGroup news, CFO Handel Michael J. Van sold 113,546 shares of ManpowerGroup stock on the open market in a transaction dated Friday, July 25th. The stock was sold at an average price of $81.83, for a total transaction of $9,291,469.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of ManpowerGroup (NYSE:MAN) opened at 81.46 on Wednesday. ManpowerGroup has a 52 week low of $64.44 and a 52 week high of $87.16. The stock has a 50-day moving average of $83.67 and a 200-day moving average of $80.50. The company has a market cap of $6.509 billion and a P/E ratio of 17.68.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Monday, July 21st. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.02. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that ManpowerGroup will post $5.22 earnings per share for the current fiscal year.
MAN has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of ManpowerGroup in a research note on Tuesday, July 22nd. They now have a $99.00 price target on the stock, up previously from $95.00. Separately, analysts at Credit Suisse raised their price target on shares of ManpowerGroup from $97.00 to $100.00 in a research note on Thursday, June 5th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of ManpowerGroup in a research note on Wednesday, June 4th. They now have a $97.00 price target on the stock, down previously from $100.00.
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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