ManpowerGroup (MAN) Receives Consensus Rating of “Hold” from Brokerages

Shares of ManpowerGroup (NYSE:MAN) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $129.33.

Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of ManpowerGroup from $124.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, October 2nd. Royal Bank Of Canada lowered shares of ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 28th. Zacks Investment Research lowered shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $107.00 price objective on shares of ManpowerGroup in a research note on Friday, October 20th.

ManpowerGroup (MAN) opened at $126.18 on Monday. The stock has a market cap of $8,361.76, a PE ratio of 18.69 and a beta of 1.44. 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 1 year low of $84.89 and a 1 year high of $127.31.

ManpowerGroup (NYSE:MAN) last announced its quarterly 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. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 EPS. research analysts forecast that ManpowerGroup will post 6.9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.95%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, November 30th. ManpowerGroup’s payout ratio is currently 27.68%.

In other ManpowerGroup news, EVP Mara E. Swan sold 6,731 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $123.19, for a total value of $829,191.89. Following the completion of the transaction, the executive vice president now directly owns 31,416 shares of the company’s stock, valued at approximately $3,870,137.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Richard Buchband sold 2,059 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $126.48, for a total transaction of $260,422.32. The disclosure for this sale can be found here. Insiders sold a total of 17,015 shares of company stock valued at $2,110,350 over the last quarter. 0.87% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Acrospire Investment Management LLC boosted 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 valued at $103,000 after purchasing an additional 200 shares during the period. IFP Advisors Inc boosted its holdings in ManpowerGroup by 14.1% in the 2nd quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 116 shares during the period. First Quadrant L P CA bought a new position in ManpowerGroup in the 2nd quarter valued at $123,000. Harfst & Associates Inc. bought a new position in ManpowerGroup in the 2nd quarter valued at $149,000. Finally, Aviance Capital Management LLC bought a new stake in shares of ManpowerGroup during the 2nd quarter worth $200,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

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ManpowerGroup Company Profile

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.

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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