A number of other brokerages also recently issued reports on MAN. William Blair cut ManpowerGroup from an outperform rating to a market perform rating in a research note on Friday, June 24th. Bank of America Corp. cut ManpowerGroup from a neutral rating to an underperform rating in a research note on Friday, June 24th. Zacks Investment Research cut ManpowerGroup from a buy rating to a hold rating in a research note on Monday. Piper Jaffray Cos. reiterated an overweight rating and issued a $85.00 price objective on shares of ManpowerGroup in a research note on Friday, August 26th. Finally, Macquarie assumed coverage on ManpowerGroup in a research note on Thursday, August 25th. They issued an outperform rating and a $86.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $82.83.
ManpowerGroup (NYSE:MAN) traded up 0.98% during midday trading on Tuesday, reaching $72.47. 472,756 shares of the company were exchanged. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 12.39 and a beta of 1.83. The company has a 50 day moving average of $71.03 and a 200-day moving average of $73.11. ManpowerGroup has a 52-week low of $57.26 and a 52-week high of $93.34.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.08. The firm earned $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. ManpowerGroup had a return on equity of 17.19% and a net margin of 2.23%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 earnings per share. On average, equities research analysts anticipate that ManpowerGroup will post $5.90 earnings per share for the current fiscal year.
In other ManpowerGroup news, EVP Handel Michael J. Van sold 57,348 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $70.13, for a total value of $4,021,815.24. Following the sale, the executive vice president now owns 40,931 shares of the company’s stock, valued at $2,870,491.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Handel Michael J. Van sold 31,855 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $69.77, for a total value of $2,222,523.35. Following the completion of the sale, the executive vice president now directly owns 31,378 shares in the company, valued at approximately $2,189,243.06. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of MAN. Vanguard Group Inc. raised its stake in ManpowerGroup by 2.7% in the second quarter. Vanguard Group Inc. now owns 5,425,307 shares of the company’s stock valued at $349,065,000 after buying an additional 140,616 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in ManpowerGroup by 7.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,886,655 shares of the company’s stock valued at $185,727,000 after buying an additional 199,359 shares during the period. State Street Corp raised its stake in ManpowerGroup by 10.1% in the second quarter. State Street Corp now owns 2,687,676 shares of the company’s stock valued at $172,925,000 after buying an additional 246,017 shares during the period. BlackRock Fund Advisors raised its stake in ManpowerGroup by 2.9% in the second quarter. BlackRock Fund Advisors now owns 2,466,971 shares of the company’s stock valued at $158,725,000 after buying an additional 70,360 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in ManpowerGroup by 14.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,320,664 shares of the company’s stock valued at $84,959,000 after buying an additional 169,657 shares during the period. 94.88% of the stock is currently 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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