Royal Bank Of Canada reiterated their sector perform rating on shares of ManpowerGroup (NYSE:MAN) in a report published on Friday morning, Marketbeat Ratings reports. They currently have a $111.00 target price on the business services provider’s stock, up from their prior target price of $104.00.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of ManpowerGroup from a hold rating to a buy rating and set a $116.00 price objective on the stock in a research note on Friday, April 21st. BidaskClub raised shares of ManpowerGroup from a hold rating to a buy rating in a research report on Tuesday, June 20th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $97.88.
Shares of ManpowerGroup (MAN) traded down 0.12% during midday trading on Friday, reaching $117.33. 308,187 shares of the company’s stock traded hands. ManpowerGroup has a 52-week low of $66.50 and a 52-week high of $117.81. The firm has a market cap of $7.87 billion, a PE ratio of 18.27 and a beta of 1.40. The company has a 50 day moving average of $104.53 and a 200 day moving average of $99.09.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Friday, April 21st. The business services provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by $0.02. ManpowerGroup had a net margin of 2.25% and a return on equity of 17.72%. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that ManpowerGroup will post $6.62 EPS for the current fiscal year.
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In related news, SVP Richard Buchband sold 1,250 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $109.00, for a total transaction of $136,250.00. Following the transaction, the senior vice president now directly owns 3,884 shares of the company’s stock, valued at $423,356. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. Louisiana State Employees Retirement System raised its position in ManpowerGroup by 3.0% in the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the business services provider’s stock worth $1,754,000 after buying an additional 500 shares during the last quarter. Parametrica Management Ltd bought a new stake in ManpowerGroup during the first quarter worth about $201,000. Capstone Asset Management Co. increased its stake in ManpowerGroup by 7.6% in the first quarter. Capstone Asset Management Co. now owns 8,089 shares of the business services provider’s stock worth $830,000 after buying an additional 570 shares during the period. Regentatlantic Capital LLC increased its stake in ManpowerGroup by 6.9% in the first quarter. Regentatlantic Capital LLC now owns 10,412 shares of the business services provider’s stock worth $1,068,000 after buying an additional 670 shares during the period. Finally, Creative Planning increased its stake in ManpowerGroup by 6.0% in the first quarter. Creative Planning now owns 5,964 shares of the business services provider’s stock worth $612,000 after buying an additional 335 shares during the period. 93.30% of the stock is currently owned by institutional investors.
ManpowerGroup Company Profile
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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