ManpowerGroup Inc. (MAN) Given Average Rating of “Hold” by Analysts

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Shares of ManpowerGroup Inc. (NYSE:MAN) have been given a consensus rating of “Hold” by the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $98.67.

MAN has been the subject of several research reports. Zacks Investment Research upgraded ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. JPMorgan Chase & Co. downgraded ManpowerGroup from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $120.00 to $82.00 in a report on Monday, October 22nd. Robert W. Baird cut their price target on ManpowerGroup from $101.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Bank of America started coverage on ManpowerGroup in a report on Tuesday, October 23rd. They issued a “neutral” rating and a $82.00 price target on the stock. Finally, Nomura reissued a “buy” rating and issued a $130.00 price target on shares of ManpowerGroup in a report on Sunday, July 22nd.

In other ManpowerGroup news, EVP Mara E. Swan sold 11,192 shares of ManpowerGroup stock in a transaction on Friday, August 31st. The stock was sold at an average price of $93.77, for a total transaction of $1,049,473.84. Following the sale, the executive vice president now owns 13,493 shares of the company’s stock, valued at approximately $1,265,238.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in ManpowerGroup by 14.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,010 shares of the business services provider’s stock valued at $689,000 after acquiring an additional 1,025 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of ManpowerGroup by 6.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,679 shares of the business services provider’s stock worth $747,000 after buying an additional 560 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in shares of ManpowerGroup in the 3rd quarter worth $627,000. State of Alaska Department of Revenue raised its stake in shares of ManpowerGroup by 38.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,280 shares of the business services provider’s stock worth $626,000 after buying an additional 2,020 shares in the last quarter. Finally, Burney Co. raised its stake in shares of ManpowerGroup by 3.4% in the 2nd quarter. Burney Co. now owns 39,583 shares of the business services provider’s stock worth $3,407,000 after buying an additional 1,302 shares in the last quarter. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MAN traded down $1.49 during mid-day trading on Monday, hitting $79.61. The stock had a trading volume of 1,048,155 shares, compared to its average volume of 1,017,356. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.10 and a beta of 1.21. The company has a current ratio of 1.47, a quick ratio of 1.48 and a debt-to-equity ratio of 0.37. ManpowerGroup has a fifty-two week low of $71.79 and a fifty-two week high of $136.93.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Friday, October 19th. The business services provider reported $2.43 EPS for the quarter, topping the consensus estimate of $2.41 by $0.02. The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.64 billion. ManpowerGroup had a return on equity of 20.02% and a net margin of 2.76%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 EPS. On average, sell-side analysts predict that ManpowerGroup will post 8.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Monday, December 3rd will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 5.07%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.93. ManpowerGroup’s payout ratio is presently 28.69%.

ManpowerGroup announced that its Board of Directors has authorized a stock repurchase plan on Friday, August 3rd that allows the company to buyback 6,000,000 outstanding shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.

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Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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