ManpowerGroup (NYSE:MAN) Given a $101.00 Price Target at Robert W. Baird

Robert W. Baird set a $101.00 price objective on ManpowerGroup (NYSE:MAN) in a research report released on Friday morning, TipRanks reports. The firm currently has a buy rating on the business services provider’s stock.

MAN has been the topic of a number of other research reports. SunTrust Banks decreased their target price on shares of ManpowerGroup from $97.00 to $90.00 and set a hold rating on the stock in a research note on Thursday, September 26th. Credit Suisse Group decreased their target price on shares of ManpowerGroup from $82.00 to $78.00 and set an underperform rating on the stock in a research note on Friday. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their target price on shares of ManpowerGroup from $96.00 to $99.00 and gave the stock a neutral rating in a research note on Monday, July 22nd. Royal Bank of Canada decreased their target price on shares of ManpowerGroup from $114.00 to $110.00 and set an outperform rating on the stock in a research note on Monday, July 22nd. Finally, ValuEngine cut shares of ManpowerGroup from a sell rating to a strong sell rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $95.25.

Shares of NYSE MAN traded up $0.82 during midday trading on Friday, reaching $86.65. 1,540,402 shares of the company were exchanged, compared to its average volume of 460,454. The stock’s 50-day moving average price is $83.90 and its 200-day moving average price is $88.71. The stock has a market cap of $5.14 billion, a P/E ratio of 9.68, a PEG ratio of 5.84 and a beta of 1.58. ManpowerGroup has a one year low of $61.57 and a one year high of $97.96. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.50.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Friday, July 19th. The business services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.06. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a net margin of 2.34% and a return on equity of 19.19%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.35 earnings per share. On average, equities research analysts anticipate that ManpowerGroup will post 7.5 EPS for the current year.

ManpowerGroup announced that its board has authorized a share repurchase program on Friday, August 2nd that authorizes the company to buyback 6,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

In related news, SVP Richard Buchband sold 1,750 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $85.43, for a total value of $149,502.50. Following the sale, the senior vice president now owns 8,214 shares of the company’s stock, valued at $701,722.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mara E. Swan sold 14,871 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $84.48, for a total transaction of $1,256,302.08. Following the completion of the sale, the executive vice president now directly owns 7,228 shares in the company, valued at approximately $610,621.44. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Empirical Finance LLC grew its stake in shares of ManpowerGroup by 0.9% in the second quarter. Empirical Finance LLC now owns 29,236 shares of the business services provider’s stock worth $2,824,000 after purchasing an additional 252 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ManpowerGroup by 14.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 432,278 shares of the business services provider’s stock worth $41,759,000 after purchasing an additional 55,900 shares during the last quarter. Alpha Windward LLC lifted its holdings in ManpowerGroup by 6,902.7% in the second quarter. Alpha Windward LLC now owns 5,182 shares of the business services provider’s stock valued at $476,000 after buying an additional 5,108 shares during the period. Pensionfund DSM Netherlands acquired a new position in ManpowerGroup in the second quarter valued at $2,318,000. Finally, Welch & Forbes LLC acquired a new position in ManpowerGroup in the second quarter valued at $215,000. 93.23% of the stock is currently owned by institutional investors.

About ManpowerGroup

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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