ValuEngine Lowers ManpowerGroup (NYSE:MAN) to Strong Sell

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ValuEngine cut shares of ManpowerGroup (NYSE:MAN) from a sell rating to a strong sell rating in a research report report published on Thursday morning, ValuEngine reports.

MAN has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on ManpowerGroup from $96.00 to $99.00 and gave the stock a neutral rating in a research report on Monday, July 22nd. Bank of America lowered their price target on ManpowerGroup from $100.00 to $96.00 and set a neutral rating on the stock in a research report on Monday, July 22nd. Credit Suisse Group lowered ManpowerGroup from a neutral rating to an underperform rating and lowered their price target for the stock from $88.00 to $83.00 in a research report on Wednesday, July 10th. Royal Bank of Canada lowered their price target on ManpowerGroup from $114.00 to $110.00 and set an outperform rating on the stock in a research report on Monday, July 22nd. Finally, SunTrust Banks lowered their price target on ManpowerGroup from $97.00 to $90.00 and set a hold rating on the stock in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $95.38.

NYSE MAN traded up $3.26 during trading on Thursday, hitting $85.22. The stock had a trading volume of 471,236 shares, compared to its average volume of 434,421. The company has a market capitalization of $4.90 billion, a PE ratio of 9.52, a P/E/G ratio of 5.58 and a beta of 1.58. The company’s 50-day moving average price is $83.29 and its two-hundred day moving average price is $88.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.46 and a current ratio of 1.46. ManpowerGroup has a 12 month low of $61.57 and a 12 month high of $97.96.

ManpowerGroup (NYSE:MAN) last released its earnings results on Friday, July 19th. The business services provider reported $2.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.06. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.41 billion. ManpowerGroup had a return on equity of 19.19% and a net margin of 2.34%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.35 EPS. As a group, equities analysts anticipate that ManpowerGroup will post 7.5 earnings per share for the current fiscal year.

ManpowerGroup declared that its board has authorized a share repurchase program on Friday, August 2nd that allows the company to buyback 6,000,000 outstanding shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

In related news, EVP Mara E. Swan sold 14,871 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $84.48, for a total transaction of $1,256,302.08. Following the transaction, the executive vice president now directly owns 7,228 shares of the company’s stock, valued at approximately $610,621.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard Buchband sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $85.43, for a total value of $149,502.50. Following the transaction, the senior vice president now directly owns 8,214 shares in the company, valued at $701,722.02. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in ManpowerGroup by 144.4% in the 2nd quarter. Parallel Advisors LLC now owns 352 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 208 shares during the period. CWM LLC boosted its stake in ManpowerGroup by 114.4% in the 2nd quarter. CWM LLC now owns 373 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 199 shares during the period. Destination Wealth Management bought a new stake in ManpowerGroup in the 2nd quarter valued at $58,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in ManpowerGroup in the 2nd quarter valued at $95,000. Finally, Machina Capital S.A.S. boosted its stake in ManpowerGroup by 273.5% in the 2nd quarter. Machina Capital S.A.S. now owns 1,042 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 763 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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