ManpowerGroup (NYSE:MAN – Get Rating) had its price objective cut by stock analysts at BMO Capital Markets from $133.00 to $116.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 30.93% from the company’s current price.
Several other brokerages have also recently issued reports on MAN. Bank of America started coverage on ManpowerGroup in a research report on Friday, March 11th. They issued an “underperform” rating on the stock. StockNews.com raised ManpowerGroup from a “hold” rating to a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $124.00.
MAN opened at $88.60 on Thursday. The business’s 50-day simple moving average is $98.88 and its 200-day simple moving average is $100.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.11 and a current ratio of 1.11. ManpowerGroup has a one year low of $84.32 and a one year high of $125.07. The stock has a market capitalization of $4.74 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.88.
ManpowerGroup (NYSE:MAN – Get Rating) last posted its earnings results on Tuesday, February 1st. The business services provider reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.19. ManpowerGroup had a return on equity of 16.39% and a net margin of 1.85%. The business had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that ManpowerGroup will post 8.79 EPS for the current fiscal year.
In other news, SVP Donald O. Mondano sold 1,471 shares of ManpowerGroup stock in a transaction that occurred on Monday, February 14th. The shares were sold at an average price of $110.00, for a total transaction of $161,810.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley increased its stake in shares of ManpowerGroup by 128.3% in the second quarter. Morgan Stanley now owns 119,730 shares of the business services provider’s stock worth $14,238,000 after buying an additional 67,281 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in ManpowerGroup by 3.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 14,714 shares of the business services provider’s stock worth $1,620,000 after purchasing an additional 514 shares during the period. Strs Ohio boosted its holdings in ManpowerGroup by 11.1% in the third quarter. Strs Ohio now owns 20,455 shares of the business services provider’s stock worth $2,214,000 after purchasing an additional 2,039 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in ManpowerGroup by 31.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,869 shares of the business services provider’s stock worth $2,368,000 after purchasing an additional 5,284 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in ManpowerGroup by 0.6% in the third quarter. New York State Teachers Retirement System now owns 71,270 shares of the business services provider’s stock worth $7,717,000 after purchasing an additional 429 shares during the period. Institutional investors own 94.57% of the company’s stock.
About ManpowerGroup
ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Right Management. The Americas segment offers services as Manpower, Experis, and ManpowerGroup Solutions through both branch and franchise offices.