ManpowerGroup (NYSE:MAN) had its price objective increased by equities researchers at BMO Capital Markets to $93.00 in a report issued on Monday, The Fly reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would suggest a potential downside of 4.16% from the stock’s previous close.

MAN has been the topic of several other research reports. Zacks Investment Research lowered shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. TheStreet upgraded shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Finally, Royal Bank of Canada assumed coverage on shares of ManpowerGroup in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $97.09.

MAN opened at $97.04 on Monday. ManpowerGroup has a fifty-two week low of $61.57 and a fifty-two week high of $119.68. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 4.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.43 and a quick ratio of 1.44.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, April 18th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter last year, the business earned $1.72 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that ManpowerGroup will post 7.71 EPS for the current year.

In related news, SVP Richard Buchband sold 3,471 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $83.15, for a total transaction of $288,613.65. Following the transaction, the senior vice president now directly owns 4,986 shares in the company, valued at $414,585.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,750 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $85.40, for a total transaction of $149,450.00. Following the transaction, the director now owns 8,036 shares in the company, valued at $686,274.40. The disclosure for this sale can be found here. Insiders have sold 19,927 shares of company stock worth $1,686,603 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. United Services Automobile Association boosted its holdings in ManpowerGroup by 1.3% in the 4th 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 during the last quarter. Daiwa Securities Group Inc. boosted its holdings in ManpowerGroup by 8.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,430 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 180 shares during the last quarter. Fort L.P. boosted its holdings in ManpowerGroup by 926.4% in the 4th quarter. Fort L.P. now owns 544 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 491 shares during the last quarter. Boston Advisors LLC boosted its holdings in ManpowerGroup by 2.3% in the 4th quarter. Boston Advisors LLC now owns 26,198 shares of the business services provider’s stock valued at $1,698,000 after purchasing an additional 586 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in ManpowerGroup by 1.2% in the 4th quarter. Nordea Investment Management AB now owns 51,047 shares of the business services provider’s stock valued at $3,308,000 after purchasing an additional 589 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

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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