Shares of ManpowerGroup Inc. (NYSE:MAN) have earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $83.00.
MAN has been the subject of several recent analyst reports. Piper Jaffray Cos. restated an “overweight” rating and set a $85.00 target price on shares of ManpowerGroup in a research note on Friday, August 26th. Nomura restated a “buy” rating and set a $97.00 target price (down previously from $102.00) on shares of ManpowerGroup in a research note on Friday, July 22nd. Bank of America Corp. lowered ManpowerGroup from a “neutral” rating to an “underperform” rating in a research report on Friday, June 24th. Avondale Partners lowered ManpowerGroup from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $74.00 to $96.00 in a research report on Monday, June 27th. Finally, William Blair lowered ManpowerGroup from an “outperform” rating to a “market perform” rating in a research report on Friday, June 24th.
ManpowerGroup (NYSE:MAN) traded down 0.60% during midday trading on Friday, reaching $69.73. The company’s stock had a trading volume of 278,602 shares. The stock’s 50 day moving average is $70.03 and its 200 day moving average is $74.07. ManpowerGroup has a 12-month low of $57.26 and a 12-month high of $93.34. The stock has a market cap of $4.78 billion, a P/E ratio of 11.92 and a beta of 1.87.
ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, July 21st. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.08. The firm earned $5 billion during the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.19% and a net margin of 2.23%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 earnings per share. Analysts anticipate that ManpowerGroup will post $5.90 earnings per share for the current year.
In related news, EVP Handel Michael J. Van sold 31,855 shares of ManpowerGroup stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $69.77, for a total value of $2,222,523.35. Following the sale, the executive vice president now directly owns 31,378 shares in the company, valued at $2,189,243.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Handel Michael J. Van sold 57,348 shares of ManpowerGroup stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $70.13, for a total value of $4,021,815.24. Following the completion of the sale, the executive vice president now owns 40,931 shares in the company, valued at $2,870,491.03. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of MAN. Synovus Financial Corp increased its stake in ManpowerGroup by 0.5% in the second quarter. Synovus Financial Corp now owns 3,361 shares of the company’s stock worth $219,000 after buying an additional 18 shares during the period. CENTRAL TRUST Co increased its stake in ManpowerGroup by 1.6% in the second quarter. CENTRAL TRUST Co now owns 3,718 shares of the company’s stock worth $239,000 after buying an additional 60 shares during the period. M&T Bank Corp increased its stake in ManpowerGroup by 1.4% in the first quarter. M&T Bank Corp now owns 9,941 shares of the company’s stock worth $808,000 after buying an additional 134 shares during the period. Gideon Capital Advisors Inc. increased its stake in ManpowerGroup by 3.8% in the second quarter. Gideon Capital Advisors Inc. now owns 4,130 shares of the company’s stock worth $266,000 after buying an additional 153 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its stake in ManpowerGroup by 1.8% in the second quarter. Freestone Capital Holdings LLC now owns 9,807 shares of the company’s stock worth $631,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.
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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