Royal Bank Of Canada reiterated their sector perform rating on shares of ManpowerGroup (NYSE:MAN) in a research note issued to investors on Friday, July 14th, Marketbeat.com reports. They currently have a $111.00 target price on the business services provider’s stock, up from their previous target price of $104.00.
Several other equities research analysts also recently issued reports on MAN. Zacks Investment Research raised ManpowerGroup from a hold rating to a buy rating and set a $116.00 price objective for the company in a research note on Friday, April 21st. BidaskClub raised ManpowerGroup from a hold rating to a buy rating in a research note on Tuesday, June 20th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $102.71.
ManpowerGroup (NYSE MAN) opened at 106.85 on Friday. The company has a 50-day moving average of $110.90 and a 200 day moving average of $103.33. ManpowerGroup has a 52 week low of $67.30 and a 52 week high of $119.59. The firm has a market cap of $7.13 billion, a P/E ratio of 16.35 and a beta of 1.39.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. On average, equities analysts predict that ManpowerGroup will post $6.75 earnings per share for the current year.
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In other news, COO Darryl Green sold 76,000 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the transaction, the chief operating officer now owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 2,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $107.94, for a total value of $226,674.00. Following the completion of the sale, the director now directly owns 11,136 shares in the company, valued at approximately $1,202,019.84. The disclosure for this sale can be found here. Insiders have sold a total of 121,715 shares of company stock valued at $12,904,283 over the last ninety days. Company insiders own 0.87% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in MAN. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in ManpowerGroup during the first quarter worth about $101,000. Acrospire Investment Management LLC raised its stake in ManpowerGroup by 27.6% in the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after buying an additional 200 shares during the period. IFP Advisors Inc raised its stake in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after buying an additional 116 shares during the period. First Quadrant L P CA acquired a new stake in ManpowerGroup during the second quarter worth about $123,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock worth $129,000 after buying an additional 300 shares during the period. 93.74% of the stock is currently owned by hedge funds and other 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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