ManpowerGroup (NYSE:MAN)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a report issued on Friday. They presently have a $134.00 price target on the business services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 9.55% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada lowered ManpowerGroup from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Northcoast Research reaffirmed a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. BidaskClub lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $111.00 target price (up from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $111.60.

Shares of ManpowerGroup (NYSE MAN) opened at 122.32 on Friday. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 18.71 and a beta of 1.40. ManpowerGroup has a 1-year low of $71.47 and a 1-year high of $123.44. The company’s 50 day moving average price is $116.33 and its 200-day moving average price is $108.47.

ManpowerGroup (NYSE:MAN) last announced 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 for the quarter, compared to analyst estimates of $5.06 billion. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Equities analysts expect that ManpowerGroup will post $6.75 EPS for the current fiscal year.

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In other news, COO Darryl Green sold 76,000 shares of ManpowerGroup stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the transaction, the chief operating officer now owns 36,454 shares in the company, valued at $3,857,926.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sriram Chandrashekar sold 19,912 shares of ManpowerGroup stock in a transaction on Thursday, July 27th. The shares were 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 in the company, valued at approximately $174,842.01. The disclosure for this sale can be found here. Insiders have sold 122,858 shares of company stock worth $13,029,300 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC grew its holdings in shares of ManpowerGroup by 27.6% during the second quarter. Acrospire Investment Management LLC now owns 924 shares of the business services provider’s stock valued at $103,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of ManpowerGroup by 14.1% during the second quarter. IFP Advisors Inc now owns 941 shares of the business services provider’s stock valued at $105,000 after buying an additional 116 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of ManpowerGroup during the second quarter valued at $123,000. Harfst & Associates Inc. purchased a new position in shares of ManpowerGroup during the second quarter valued at $149,000. Finally, Exane Derivatives grew its holdings in shares of ManpowerGroup by 166.7% during the second quarter. Exane Derivatives now owns 1,379 shares of the business services provider’s stock valued at $154,000 after buying an additional 862 shares in the last quarter. Institutional investors and hedge funds own 93.71% of the company’s stock.

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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