ManpowerGroup (NYSE:MAN) had its target price upped by investment analysts at BMO Capital Markets from $124.00 to $132.00 in a report issued on Monday. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 12.04% from the company’s previous close.

Several other analysts also recently issued reports on MAN. BidaskClub downgraded shares of ManpowerGroup from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Tuesday, July 4th. Credit Suisse Group reaffirmed a “neutral” rating and set a $111.00 price target (up from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Northcoast Research reaffirmed a “neutral” rating on shares of ManpowerGroup in a research note on Monday, July 17th. Finally, Royal Bank Of Canada downgraded shares of ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $111.20.

Shares of ManpowerGroup (NYSE:MAN) traded up 1.88% on Monday, reaching $120.03. The company had a trading volume of 171,148 shares. ManpowerGroup has a 52 week low of $70.58 and a 52 week high of $120.90. The company has a market capitalization of $8.01 billion, a P/E ratio of 18.36 and a beta of 1.40. The company has a 50 day moving average of $109.94 and a 200-day moving average of $106.06.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.06 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. ManpowerGroup’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. Analysts predict that ManpowerGroup will post $6.75 earnings per share for the current fiscal year.

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In other news, Director Ulice Payne, Jr. sold 2,100 shares of ManpowerGroup stock in a transaction that occurred on Friday, August 4th. The stock was 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 owns 11,136 shares in the company, valued at approximately $1,202,019.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mara E. Swan sold 2,393 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total value of $261,267.74. Following the completion of the transaction, the executive vice president now owns 27,078 shares of the company’s stock, valued at approximately $2,956,376.04. The disclosure for this sale can be found here. Insiders sold 122,858 shares of company stock valued at $13,029,300 over the last quarter. Insiders own 0.87% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MAN. Synovus Financial Corp raised its holdings in shares of ManpowerGroup by 0.3% during the second quarter. Synovus Financial Corp now owns 3,273 shares of the business services provider’s stock worth $360,000 after purchasing an additional 9 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of ManpowerGroup by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 17,669 shares of the business services provider’s stock worth $1,973,000 after buying an additional 46 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of ManpowerGroup by 2.1% in the 2nd quarter. Global X Management Co. LLC now owns 2,860 shares of the business services provider’s stock worth $319,000 after buying an additional 59 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of ManpowerGroup by 0.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 7,365 shares of the business services provider’s stock worth $755,000 after buying an additional 65 shares during the last quarter. Finally, Horizon Investment Services LLC lifted its position in shares of ManpowerGroup by 3.3% in the 1st quarter. Horizon Investment Services LLC now owns 2,969 shares of the business services provider’s stock worth $305,000 after buying an additional 95 shares during the last quarter. 93.71% of the stock is owned by hedge funds and other institutional investors.

About ManpowerGroup

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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