Jefferies Financial Group began coverage on shares of ManpowerGroup (NYSE:MAN) in a report issued on Wednesday, November 27th, Benzinga reports. The firm issued a hold rating and a $96.00 price target on the business services provider’s stock.
A number of other equities research analysts have also issued reports on the company. BMO Capital Markets increased their target price on ManpowerGroup from $86.00 to $88.00 and gave the company a market perform rating in a research note on Monday, October 21st. Royal Bank of Canada set a $107.00 target price on ManpowerGroup and gave the company a buy rating in a research report on Monday, October 21st. SunTrust Banks downgraded shares of ManpowerGroup from a buy rating to a hold rating and set a $80.00 price target for the company. in a research report on Monday, November 25th. CL King began coverage on shares of ManpowerGroup in a research note on Wednesday, November 13th. They issued a buy rating and a $107.00 price target for the company. Finally, ValuEngine upgraded shares of ManpowerGroup from a strong sell rating to a sell rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. ManpowerGroup presently has a consensus rating of Hold and a consensus price target of $94.67.
Shares of MAN stock traded up $1.46 on Wednesday, reaching $97.34. 841,048 shares of the stock were exchanged, compared to its average volume of 293,205. The firm has a 50 day moving average of $93.89 and a two-hundred day moving average of $89.43. ManpowerGroup has a 1-year low of $61.57 and a 1-year high of $97.96. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.65 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 8.63 and a beta of 1.60.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Friday, October 18th. The business services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.01). ManpowerGroup had a return on equity of 17.69% and a net margin of 2.30%. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.35 billion. On average, equities research analysts predict that ManpowerGroup will post 7.4 EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $1.09 dividend. The ex-dividend date was Friday, November 29th. ManpowerGroup’s dividend payout ratio is currently 24.36%.
In other news, SVP Richard Buchband sold 2,255 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $97.50, for a total value of $219,862.50. Following the completion of the transaction, the senior vice president now owns 5,469 shares of the company’s stock, valued at $533,227.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Burke Patrick 6,000,000 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. Over the last 90 days, insiders sold 23,462 shares of company stock worth $2,156,593. 1.49% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of MAN. SG Americas Securities LLC lifted its holdings in shares of ManpowerGroup by 1.8% in the second quarter. SG Americas Securities LLC now owns 6,308 shares of the business services provider’s stock valued at $609,000 after buying an additional 114 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of ManpowerGroup by 1.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,160 shares of the business services provider’s stock worth $1,078,000 after purchasing an additional 120 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of ManpowerGroup by 0.3% in the 3rd quarter. Texas Permanent School Fund now owns 40,729 shares of the business services provider’s stock worth $3,431,000 after purchasing an additional 130 shares during the last quarter. Commerce Bank raised its holdings in shares of ManpowerGroup by 4.0% in the 2nd quarter. Commerce Bank now owns 3,572 shares of the business services provider’s stock worth $345,000 after purchasing an additional 137 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ManpowerGroup by 1.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,580 shares of the business services provider’s stock worth $1,060,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 92.03% 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.