ManpowerGroup (MAN) Earns “Hold” Rating from SunTrust Banks

ManpowerGroup (NYSE:MAN)‘s stock had its “hold” rating restated by research analysts at SunTrust Banks in a research report issued to clients and investors on Friday.

Several other research firms have also recently issued reports on MAN. ValuEngine raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Deutsche Bank reissued a “hold” rating and issued a $110.00 target price on shares of ManpowerGroup in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Thursday, January 11th. BMO Capital Markets decreased their target price on shares of ManpowerGroup to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Finally, Argus raised their target price on shares of ManpowerGroup from $120.23 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $124.20.

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Shares of MAN traded down $17.19 during mid-day trading on Friday, hitting $101.47. The company had a trading volume of 2,783,416 shares, compared to its average volume of 528,707. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.28 and a current ratio of 1.28. ManpowerGroup has a 1-year low of $97.88 and a 1-year high of $136.93. The stock has a market capitalization of $7,847.41, a PE ratio of 14.41 and a beta of 1.34.

ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, April 20th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.09. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. sell-side analysts expect that ManpowerGroup will post 8.96 earnings per share for the current fiscal year.

In other news, SVP Richard Buchband sold 1,000 shares of ManpowerGroup stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $118.49, for a total transaction of $118,490.00. Following the sale, the senior vice president now owns 8,457 shares in the company, valued at $1,002,069.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mara E. Swan sold 7,127 shares of ManpowerGroup stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total transaction of $846,972.68. Following the sale, the executive vice president now owns 27,986 shares in the company, valued at approximately $3,325,856.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,547 shares of company stock worth $6,842,051. 1.02% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at approximately $113,000. National Pension Service purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at approximately $165,000. Tower Research Capital LLC TRC raised its stake in shares of ManpowerGroup by 678.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 1,180 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at approximately $202,000. Finally, Squar Milner Financial Services LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at approximately $277,000. Institutional investors own 94.31% of the company’s stock.

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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's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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