ManpowerGroup (NYSE:MAN)‘s stock had its “hold” rating reiterated by stock analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday, October 20th. They presently have a $107.00 price target on the business services provider’s stock. SunTrust Banks, Inc.’s target price suggests a potential downside of 14.65% from the stock’s previous close.
MAN has been the topic of several other research reports. BMO Capital Markets restated a “buy” rating and set a $134.00 price objective on shares of ManpowerGroup in a report on Friday, October 13th. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research note on Wednesday, October 18th. Royal Bank Of Canada lowered shares of ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 28th. Northcoast Research reiterated a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $111.00 target price (up previously from $106.00) on shares of ManpowerGroup in a research note on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $126.71.
Shares of ManpowerGroup (MAN) opened at 125.37 on Friday. The firm has a market capitalization of $8.37 billion, a P/E ratio of 19.18 and a beta of 1.40. The stock’s 50 day moving average price is $119.42 and its 200 day moving average price is $110.07. ManpowerGroup has a 52 week low of $75.29 and a 52 week high of $125.66.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 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 17.80%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same period in the prior year, the firm posted $1.87 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that ManpowerGroup will post $6.90 EPS for the current fiscal year.
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In related news, EVP Mara E. Swan sold 2,393 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total value of $261,267.74. Following the sale, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at $2,956,376.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mara E. Swan sold 16,575 shares of ManpowerGroup stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $107.18, for a total transaction of $1,776,508.50. Following the transaction, the executive vice president now directly owns 32,136 shares in the company, valued at $3,444,336.48. The disclosure for this sale can be found here. Insiders sold 35,524 shares of company stock worth $4,051,233 over the last ninety days. 0.87% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of ManpowerGroup by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 99,032 shares of the business services provider’s stock worth $11,057,000 after purchasing an additional 906 shares during the last quarter. Koch Industries Inc. bought a new position in shares of ManpowerGroup in the second quarter worth approximately $208,000. Mutual of America Capital Management LLC grew its holdings in shares of ManpowerGroup by 0.9% in the third quarter. Mutual of America Capital Management LLC now owns 54,819 shares of the business services provider’s stock worth $6,459,000 after purchasing an additional 483 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of ManpowerGroup by 4.1% in the first quarter. Teachers Advisors LLC now owns 222,883 shares of the business services provider’s stock worth $22,861,000 after purchasing an additional 8,833 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of ManpowerGroup in the second quarter worth approximately $1,374,000. 94.30% of the stock is currently owned by hedge funds and other 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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