ManpowerGroup Short Interest Up 44.5% in July (MAN)
Shares of ManpowerGroup (NYSE:MAN) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 937,575 shares, a growth of 44.5% from the July 15th total of 648,714 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 820,594 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company’s stock are short sold.
A number of research firms have recently commented on MAN. Analysts at Zacks reiterated an “outperform” rating on shares of ManpowerGroup in a research note on Wednesday, August 6th. They now have a $84.00 price target on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $91.11.
ManpowerGroup (NYSE:MAN) opened at 78.75 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 $80.33 and a 200-day moving average of $79.71. The company has a market cap of $6.278 billion and a price-to-earnings ratio of 16.75.
ManpowerGroup (NYSE:MAN) last announced its earnings results 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 $5.26 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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