ManpowerGroup (MAN) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of ManpowerGroup (NYSE:MAN) from a sell rating to a hold rating in a research report sent to investors on Friday, ValuEngine reports.

Other analysts have also issued reports about the stock. Royal Bank of Canada assumed coverage on shares of ManpowerGroup in a research report on Tuesday, April 16th. They set an outperform rating and a $114.00 target price for the company. Zacks Investment Research lowered shares of ManpowerGroup from a hold rating to a sell rating in a research report on Tuesday, April 2nd. TheStreet upgraded shares of ManpowerGroup from a c+ rating to a b- rating in a research report on Wednesday, February 20th. Finally, BMO Capital Markets lowered shares of ManpowerGroup from an outperform rating to a market perform rating and cut their target price for the company from $83.00 to $81.00 in a research report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. ManpowerGroup currently has a consensus rating of Hold and a consensus price target of $98.50.

Shares of NYSE MAN opened at $95.93 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.43 and a quick ratio of 1.44. The company has a market cap of $5.83 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 4.07 and a beta of 1.50. ManpowerGroup has a 12-month low of $61.57 and a 12-month high of $103.08.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5 billion. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 earnings per share. Equities research analysts anticipate that ManpowerGroup will post 7.71 EPS for the current year.

In other ManpowerGroup news, EVP Sriram Chandrashekar sold 14,706 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.90, for a total value of $1,248,539.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,750 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $85.40, for a total transaction of $149,450.00. Following the completion of the transaction, the director now owns 8,036 shares of the company’s stock, valued at $686,274.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,927 shares of company stock valued at $1,686,603. Company insiders own 1.49% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of MAN. Fort L.P. boosted its position in shares of ManpowerGroup by 926.4% in the fourth quarter. Fort L.P. now owns 544 shares of the business services provider’s stock worth $35,000 after purchasing an additional 491 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of ManpowerGroup by 6,258.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,212,136 shares of the business services provider’s stock worth $50,000 after buying an additional 3,161,617 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of ManpowerGroup in the fourth quarter worth $84,000. Daiwa Securities Group Inc. lifted its holdings in shares of ManpowerGroup by 8.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock worth $157,000 after buying an additional 180 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of ManpowerGroup in the third quarter worth $198,000. Institutional investors and hedge funds own 91.99% 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 offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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