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

Shares of ManpowerGroup Inc. (NYSE:MAN) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $94.20.

A number of analysts recently issued reports on MAN shares. Zacks Investment Research cut ManpowerGroup from a “hold” rating to a “sell” rating in a report on Monday, January 21st. ValuEngine raised ManpowerGroup from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. BMO Capital Markets cut ManpowerGroup from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $83.00 to $81.00 in a report on Friday, February 1st. Finally, TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th.

In other ManpowerGroup news, Director Ulice Payne, Jr. sold 1,750 shares of ManpowerGroup stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $85.40, for a total value of $149,450.00. Following the completion of the sale, the director now owns 8,036 shares of the company’s stock, valued at approximately $686,274.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sriram Chandrashekar sold 14,706 shares of ManpowerGroup stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $84.90, for a total value of $1,248,539.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,927 shares of company stock valued at $1,686,603. Company insiders own 1.49% of the company’s stock.

Several institutional investors have recently bought and sold shares of MAN. United Services Automobile Association lifted its position in ManpowerGroup by 1.3% during the fourth quarter. United Services Automobile Association now owns 10,603 shares of the business services provider’s stock valued at $687,000 after purchasing an additional 138 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of ManpowerGroup by 8.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 180 shares in the last quarter. Fort L.P. lifted its position in shares of ManpowerGroup by 926.4% in the fourth quarter. Fort L.P. now owns 544 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 491 shares in the last quarter. Boston Advisors LLC lifted its position in shares of ManpowerGroup by 2.3% in the fourth quarter. Boston Advisors LLC now owns 26,198 shares of the business services provider’s stock valued at $1,698,000 after acquiring an additional 586 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of ManpowerGroup by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 51,047 shares of the business services provider’s stock valued at $3,308,000 after acquiring an additional 589 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Shares of ManpowerGroup stock traded up $0.88 on Thursday, reaching $84.85. The stock had a trading volume of 786,290 shares, compared to its average volume of 576,434. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. ManpowerGroup has a fifty-two week low of $61.57 and a fifty-two week high of $119.68. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 3.50 and a beta of 1.50.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, January 31st. The business services provider reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. ManpowerGroup had a net margin of 2.53% and a return on equity of 20.65%. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.54 billion. As a group, research analysts predict that ManpowerGroup will post 7.71 earnings per share for the current year.

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 offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

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Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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