ManpowerGroup (NYSE:MAN) Raised to Buy at Argus

ManpowerGroup (NYSE:MAN) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat reports. The firm presently has a $42.00 target price on the business services provider’s stock. Argus’ price target points to a potential upside of 14.29% from the stock’s previous close.

MAN has been the topic of several other reports. Weiss Ratings restated a “sell (d)” rating on shares of ManpowerGroup in a research report on Monday, December 29th. UBS Group set a $35.00 price target on ManpowerGroup in a report on Friday, January 30th. Robert W. Baird set a $50.00 price objective on ManpowerGroup in a research note on Friday, January 30th. Barclays decreased their target price on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.13.

ManpowerGroup Trading Up 5.6%

Shares of MAN stock opened at $36.75 on Tuesday. The business’s fifty day moving average price is $30.20 and its 200 day moving average price is $34.64. The firm has a market capitalization of $1.70 billion, a PE ratio of -122.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.00. ManpowerGroup has a 1-year low of $26.14 and a 1-year high of $63.35.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the company earned $1.02 earnings per share. ManpowerGroup’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts forecast that ManpowerGroup will post 4.23 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in ManpowerGroup by 11.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,756 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 280 shares during the last quarter. Huntington National Bank grew its holdings in shares of ManpowerGroup by 41.6% during the second quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock worth $40,000 after buying an additional 293 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of ManpowerGroup by 1.4% during the second quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock worth $869,000 after buying an additional 296 shares in the last quarter. True Wealth Design LLC raised its position in shares of ManpowerGroup by 72.5% in the third quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after buying an additional 337 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of ManpowerGroup by 3.6% during the second quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock valued at $408,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.