Deutsche Bank reissued their hold rating on shares of ManpowerGroup (NYSE:MAN) in a research report report published on Tuesday morning. They currently have a $110.00 price target on the business services provider’s stock.
Several other equities analysts have also recently weighed in on MAN. BMO Capital Markets lifted their target price on ManpowerGroup from $124.00 to $132.00 and gave the company an outperform rating in a research note on Monday, October 2nd. Zacks Investment Research raised ManpowerGroup from a hold rating to a buy rating and set a $138.00 target price on the stock in a research note on Wednesday, October 18th. ValuEngine cut ManpowerGroup from a buy rating to a hold rating in a research note on Friday, December 1st. Royal Bank of Canada cut ManpowerGroup from an outperform rating to a sector perform rating in a research note on Thursday, September 28th. Finally, Argus lifted their target price on ManpowerGroup from $118.00 to $135.00 and gave the company a buy rating in a research note on Thursday, October 26th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $125.25.
ManpowerGroup (NYSE MAN) traded down $0.15 during trading hours on Tuesday, reaching $129.75. The company’s stock had a trading volume of 279,459 shares, compared to its average volume of 345,780. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. ManpowerGroup has a 52 week low of $90.57 and a 52 week high of $131.99. The stock has a market cap of $8,600.00, a PE ratio of 19.34 and a beta of 1.45.
ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.08. ManpowerGroup had a return on equity of 17.80% and a net margin of 2.24%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same quarter in the previous year, the business posted $1.87 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts forecast that ManpowerGroup will post 6.9 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.87%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Thursday, November 30th. ManpowerGroup’s payout ratio is currently 27.72%.
In other news, Director Edward J. Zore sold 10,000 shares of ManpowerGroup stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $127.00, for a total transaction of $1,270,000.00. Following the completion of the sale, the director now directly owns 29,876 shares in the company, valued at approximately $3,794,252. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cari M. Dominguez sold 500 shares of ManpowerGroup stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $126.29, for a total value of $63,145.00. Following the sale, the director now owns 16,990 shares of the company’s stock, valued at $2,145,667.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,015 shares of company stock valued at $3,762,970. 0.87% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its holdings in ManpowerGroup by 27.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock worth $103,000 after purchasing an additional 200 shares during the last quarter. Harfst & Associates Inc. acquired a new stake in ManpowerGroup in the 2nd quarter worth approximately $149,000. Calamos Advisors LLC acquired a new stake in ManpowerGroup in the 3rd quarter worth approximately $203,000. Bank of Hawaii acquired a new stake in ManpowerGroup in the 3rd quarter worth approximately $207,000. Finally, Aviance Capital Management LLC acquired a new stake in ManpowerGroup in the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 94.44% of the company’s stock.
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ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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