ManpowerGroup Given Average Recommendation of “Buy” by Brokerages (NYSE:MAN)
ManpowerGroup (NYSE:MAN) has been given a consensus rating of “Buy” by the twelve ratings firms that are covering the stock, Analyst Ratings News reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $91.11.
A number of analysts have recently weighed in on MAN shares. 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.
Shares of ManpowerGroup (NYSE:MAN) opened at 77.58 on Tuesday. ManpowerGroup has a 1-year low of $65.67 and a 1-year high of $87.16. The stock’s 50-day moving average is $78.95 and its 200-day moving average is $79.84. The company has a market cap of $6.185 billion and a price-to-earnings ratio of 16.71.
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 previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that ManpowerGroup will post $5.26 EPS 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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