Royal Bank Of Canada reaffirmed their sector perform rating on shares of ManpowerGroup (NYSE:MAN) in a report issued on Friday, July 14th, MarketBeat.com reports. Royal Bank Of Canada currently has a $111.00 price target on the business services provider’s stock, up from their prior price target of $104.00.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded ManpowerGroup from a hold rating to a buy rating and set a $116.00 price objective for the company in a research note on Friday, April 21st. BidaskClub upgraded ManpowerGroup from a hold rating to a buy rating in a research note on Tuesday, June 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $102.71.
Shares of ManpowerGroup (NYSE:MAN) traded down 0.02% on Friday, hitting $107.90. 389,693 shares of the company traded hands. The firm’s 50-day moving average is $110.93 and its 200 day moving average is $102.79. The firm has a market capitalization of $7.27 billion, a P/E ratio of 16.51 and a beta of 1.39. ManpowerGroup has a 1-year low of $67.30 and a 1-year high of $119.59.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.06 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. On average, analysts anticipate that ManpowerGroup will post $6.75 earnings per share for the current fiscal year.
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In other news, EVP Sriram Chandrashekar sold 19,912 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total value of $2,098,525.68. Following the transaction, the executive vice president now owns 1,659 shares of the company’s stock, valued at $174,842.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ulice Payne, Jr. sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $107.94, for a total value of $226,674.00. Following the completion of the transaction, the director now directly owns 11,136 shares in the company, valued at approximately $1,202,019.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,715 shares of company stock worth $12,904,283. 0.87% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. Barrow Hanley Mewhinney & Strauss LLC bought a new position in ManpowerGroup during the first quarter worth about $101,000. IFP Advisors Inc increased its stake in ManpowerGroup by 14.1% in the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock worth $105,000 after buying an additional 116 shares during the period. First Quadrant L P CA acquired a new stake in ManpowerGroup during the second quarter worth $123,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in ManpowerGroup by 31.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,255 shares of the business services provider’s stock worth $129,000 after buying an additional 300 shares during the period. Finally, Exane Derivatives increased its stake in ManpowerGroup by 166.7% in the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock worth $154,000 after buying an additional 862 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.
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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