Shares of ManpowerGroup (NYSE:MAN) have earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $102.71.

Several research firms have recently issued reports on MAN. BidaskClub upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a report on Friday, April 21st. Northcoast Research reiterated a “neutral” rating on shares of ManpowerGroup in a report on Monday, July 17th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $111.00 target price (up from $104.00) on shares of ManpowerGroup in a report on Friday, July 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $111.00 target price (up from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th.

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In related news, SVP Richard Buchband sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $109.00, for a total transaction of $136,250.00. Following the completion of the sale, the senior vice president now owns 3,884 shares of the company’s stock, valued at $423,356. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Darryl Green sold 76,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $105.83, for a total transaction of $8,043,080.00. Following the sale, the chief operating officer now directly owns 36,454 shares of the company’s stock, valued at approximately $3,857,926.82. The disclosure for this sale can be found here. Insiders have sold 121,715 shares of company stock valued at $12,904,283 in the last three months. 0.87% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. OxFORD Asset Management LLP purchased a new stake in shares of ManpowerGroup during the second quarter valued at $642,000. Dimensional Fund Advisors LP increased its stake in shares of ManpowerGroup by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,617,999 shares of the business services provider’s stock valued at $180,643,000 after buying an additional 69,089 shares during the period. Globeflex Capital L P increased its stake in shares of ManpowerGroup by 62,400.0% in the second quarter. Globeflex Capital L P now owns 6,250 shares of the business services provider’s stock valued at $698,000 after buying an additional 6,240 shares during the period. Harfst & Associates Inc. purchased a new stake in shares of ManpowerGroup during the second quarter valued at $149,000. Finally, Suntrust Banks Inc. increased its stake in shares of ManpowerGroup by 0.7% in the second quarter. Suntrust Banks Inc. now owns 22,280 shares of the business services provider’s stock valued at $2,487,000 after buying an additional 159 shares during the period. 93.74% of the stock is owned by institutional investors.

Shares of ManpowerGroup (NYSE:MAN) opened at 106.85 on Friday. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 16.35 and a beta of 1.39. The firm’s 50-day moving average price is $110.90 and its 200-day moving average price is $103.33. ManpowerGroup has a one year low of $67.30 and a one year high of $119.59.

ManpowerGroup (NYSE:MAN) last released its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by $0.01. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the business posted $1.60 earnings per share. ManpowerGroup’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts anticipate that ManpowerGroup will post $6.75 earnings per share for the current year.

ManpowerGroup Company Profile

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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