ManpowerGroup (NYSE:MAN) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other analysts have also commented on MAN. BidaskClub raised ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, August 11th. BMO Capital Markets raised their price objective on ManpowerGroup from $124.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, October 2nd. Zacks Investment Research raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a report on Wednesday, October 18th. Royal Bank Of Canada lowered ManpowerGroup from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Finally, Argus raised their price objective on ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $126.71.

Shares of ManpowerGroup (MAN) opened at $127.01 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.29 and a quick ratio of 1.29. ManpowerGroup has a 1-year low of $84.98 and a 1-year high of $131.99. The company has a market capitalization of $8,416.83, a P/E ratio of 18.82 and a beta of 1.44.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.96 by $0.08. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same period last year, the company earned $1.87 earnings per share. ManpowerGroup’s quarterly revenue was up 7.4% compared to the same quarter last year. equities research analysts anticipate that ManpowerGroup will post 6.9 EPS for the current year.

In other news, SVP Richard Buchband sold 2,059 shares of ManpowerGroup stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $126.48, for a total value of $260,422.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cari M. Dominguez sold 500 shares of ManpowerGroup stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $126.29, for a total value of $63,145.00. Following the completion of the sale, the director now directly owns 16,990 shares in the company, valued at $2,145,667.10. The disclosure for this sale can be found here. Insiders sold 27,015 shares of company stock worth $3,380,350 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Several large investors have recently modified their holdings of MAN. Acrospire Investment Management LLC lifted its position in ManpowerGroup by 27.6% during the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc lifted its position in ManpowerGroup by 14.1% during the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after buying an additional 116 shares in the last quarter. Harfst & Associates Inc. purchased a new position in ManpowerGroup during the second quarter worth approximately $149,000. Aviance Capital Management LLC purchased a new position in ManpowerGroup during the second quarter worth approximately $200,000. Finally, Gamco Investors INC. ET AL purchased a new position in ManpowerGroup during the second quarter worth approximately $201,000. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

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About ManpowerGroup

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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