ManpowerGroup (MAN) Rating Reiterated by BMO Capital Markets
ManpowerGroup (NYSE:MAN)‘s stock had its “buy” rating restated by equities researchers at BMO Capital Markets in a report issued on Friday. They currently have a $134.00 target price on the business services provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 10.32% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded ManpowerGroup from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Tuesday, July 4th. Credit Suisse Group reissued a “neutral” rating and issued a $111.00 price objective (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Northcoast Research reissued a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Finally, Royal Bank Of Canada downgraded ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. ManpowerGroup presently has a consensus rating of “Hold” and a consensus price target of $111.60.
ManpowerGroup (MAN) opened at 121.46 on Friday. ManpowerGroup has a 52-week low of $71.47 and a 52-week high of $123.44. The stock has a 50 day moving average of $115.72 and a 200-day moving average of $108.24. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 18.58 and a beta of 1.40.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.01). The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.06 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. On average, analysts forecast that ManpowerGroup will post $6.75 EPS for the current year.
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In related news, EVP Sriram Chandrashekar sold 19,912 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total value of $2,098,525.68. Following the sale, the executive vice president now owns 1,659 shares in the company, valued at approximately $174,842.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ulice Payne, Jr. sold 2,100 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $107.94, for a total value of $226,674.00. Following the completion of the sale, the director now owns 11,136 shares in the company, valued at approximately $1,202,019.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,858 shares of company stock worth $13,029,300. 0.87% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Curbstone Financial Management Corp raised its stake in ManpowerGroup by 84.2% in the 3rd quarter. Curbstone Financial Management Corp now owns 3,500 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 1,600 shares during the period. WINTON GROUP Ltd raised its stake in ManpowerGroup by 101.9% in the 2nd quarter. WINTON GROUP Ltd now owns 52,693 shares of the business services provider’s stock valued at $5,883,000 after acquiring an additional 26,600 shares during the period. Koch Industries Inc. bought a new stake in ManpowerGroup in the 2nd quarter valued at $208,000. Seminole Management Co. Inc. raised its stake in ManpowerGroup by 10.8% in the 2nd quarter. Seminole Management Co. Inc. now owns 14,400 shares of the business services provider’s stock valued at $1,608,000 after acquiring an additional 1,400 shares during the period. Finally, Security National Bank of SO Dak raised its stake in ManpowerGroup by 1.2% in the 2nd quarter. Security National Bank of SO Dak now owns 8,165 shares of the business services provider’s stock valued at $911,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 93.71% of the company’s stock.
ManpowerGroup Company Profile
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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