ManpowerGroup (MAN) Price Target Raised to $134.00 at Nomura
ManpowerGroup (NYSE:MAN) had its target price hoisted by equities researchers at Nomura from $127.00 to $134.00 in a research note issued on Monday. The firm presently has a “buy” rating on the business services provider’s stock. Nomura’s target price would suggest a potential upside of 9.17% from the company’s current price.
A number of other equities research analysts have also issued reports on MAN. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Tuesday, July 4th. Royal Bank Of Canada restated a “sector perform” rating and set a $111.00 price target (up previously from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. BMO Capital Markets boosted their price target on shares of ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Finally, Credit Suisse Group restated a “neutral” rating and set a $111.00 price target (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $125.00.
Shares of ManpowerGroup (NYSE MAN) traded down 1.210% during mid-day trading on Monday, reaching $121.255. 623,075 shares of the company were exchanged. The firm has a market capitalization of $8.09 billion, a PE ratio of 18.549 and a beta of 1.40. ManpowerGroup has a 12 month low of $74.07 and a 12 month high of $125.08. The company’s 50 day moving average price is $117.89 and its 200 day moving average price is $109.16.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.08. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that ManpowerGroup will post $6.83 earnings per share for the current year.
In other ManpowerGroup news, COO Darryl Green sold 76,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $105.83, for a total value of $8,043,080.00. Following the completion of the sale, the chief operating officer now directly owns 36,454 shares of the company’s stock, valued at $3,857,926.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mara E. Swan sold 2,393 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total transaction of $261,267.74. Following the completion of the sale, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at $2,956,376.04. The disclosure for this sale can be found here. Insiders have sold 122,858 shares of company stock worth $13,029,300 over the last ninety days. 0.87% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Acrospire Investment Management LLC grew its position in ManpowerGroup by 27.6% in the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after acquiring an additional 200 shares in the last quarter. IFP Advisors Inc grew its position in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after acquiring an additional 116 shares in the last quarter. First Quadrant L P CA bought a new stake in ManpowerGroup in the second quarter worth approximately $123,000. Harfst & Associates Inc. bought a new stake in ManpowerGroup in the second quarter worth approximately $149,000. Finally, Exane Derivatives grew its position in ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after acquiring an additional 862 shares in the last quarter. 93.64% of the stock is owned by institutional investors.
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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