TheStreet upgraded shares of ManpowerGroup (NYSE:MAN) from a c+ rating to a b- rating in a research report sent to investors on Wednesday morning.
A number of other analysts have also issued reports on MAN. Bank of America initiated coverage on ManpowerGroup in a research note on Tuesday, October 23rd. They set a neutral rating and a $82.00 price objective on the stock. ValuEngine upgraded ManpowerGroup from a strong sell rating to a sell rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded ManpowerGroup from a sell rating to a hold rating in a research note on Tuesday, December 18th. Finally, BMO Capital Markets lowered ManpowerGroup from an outperform rating to a market perform rating and decreased their price objective for the company from $83.00 to $81.00 in a research note on Friday, February 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $98.67.
Shares of MAN opened at $84.96 on Wednesday. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 3.55 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.44. ManpowerGroup has a 1 year low of $61.57 and a 1 year high of $123.28.
ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, January 31st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.24. ManpowerGroup had a return on equity of 20.65% and a net margin of 2.53%. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.54 billion. Research analysts anticipate that ManpowerGroup will post 7.71 earnings per share for the current fiscal year.
In other ManpowerGroup news, Director William Downe bought 4,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were acquired at an average cost of $81.21 per share, for a total transaction of $324,840.00. Following the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at $324,840. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Richard Buchband sold 3,471 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $83.15, for a total value of $288,613.65. Following the completion of the transaction, the senior vice president now owns 4,986 shares in the company, valued at $414,585.90. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fort L.P. increased its stake in ManpowerGroup by 926.4% in the 4th quarter. Fort L.P. now owns 544 shares of the business services provider’s stock worth $35,000 after acquiring an additional 491 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of ManpowerGroup in the 4th quarter worth about $84,000. IFP Advisors Inc boosted its holdings in shares of ManpowerGroup by 148.6% in the 3rd quarter. IFP Advisors Inc now owns 1,310 shares of the business services provider’s stock worth $113,000 after purchasing an additional 783 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of ManpowerGroup by 133.3% in the 3rd quarter. Schroder Investment Management Group now owns 2,100 shares of the business services provider’s stock worth $181,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of ManpowerGroup in the 3rd quarter worth about $198,000. Institutional investors and hedge funds own 90.49% of the company’s stock.
ManpowerGroup Company Profile
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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