ManpowerGroup’s (MAN) “Hold” Rating Reaffirmed at Deutsche Bank
Deutsche Bank reaffirmed their hold rating on shares of ManpowerGroup (NYSE:MAN) in a report released on Tuesday morning. They currently have a $110.00 price objective on the business services provider’s stock.
Several other research analysts also recently weighed in on MAN. BMO Capital Markets boosted their target price on shares of ManpowerGroup from $124.00 to $132.00 and gave the company an outperform rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of ManpowerGroup from a hold rating to a buy rating and set a $138.00 target price for the company in a research note on Wednesday, October 18th. ValuEngine downgraded shares of ManpowerGroup from a buy rating to a hold rating in a research note on Friday, December 1st. Royal Bank of Canada downgraded shares of ManpowerGroup from an outperform rating to a sector perform rating in a research note on Thursday, September 28th. Finally, Argus boosted their target price on shares of ManpowerGroup from $118.00 to $135.00 and gave the company a buy rating in a research note on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. ManpowerGroup has an average rating of Hold and a consensus price target of $125.25.
ManpowerGroup (NYSE MAN) traded down $0.15 during trading on Tuesday, hitting $129.75. 279,459 shares of the company traded hands, compared to its average volume of 327,878. ManpowerGroup has a 1-year low of $91.13 and a 1-year high of $131.99. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.17. The stock has a market cap of $8,630.00, a price-to-earnings ratio of 19.34 and a beta of 1.45.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Friday, October 20th. The business services provider reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.08. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the previous year, the company posted $1.87 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. research analysts forecast that ManpowerGroup will post 6.9 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.93 dividend. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.72 annualized dividend and a yield of 2.87%. ManpowerGroup’s payout ratio is presently 27.72%.
In other news, Director Patricia Hemingway Hall sold 3,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $127.54, for a total transaction of $382,620.00. Following the completion of the transaction, the director now owns 4,021 shares of the company’s stock, valued at approximately $512,838.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Richard Buchband sold 2,059 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $126.48, for a total transaction of $260,422.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,015 shares of company stock valued at $3,762,970. Corporate insiders own 0.87% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. DnB Asset Management AS acquired a new position in shares of ManpowerGroup during the 4th quarter valued at about $3,387,000. AXA increased its stake in shares of ManpowerGroup by 55.9% during the 3rd quarter. AXA now owns 254,700 shares of the business services provider’s stock valued at $30,009,000 after acquiring an additional 91,300 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of ManpowerGroup by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,631 shares of the business services provider’s stock valued at $5,141,000 after acquiring an additional 993 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in shares of ManpowerGroup during the 3rd quarter valued at about $244,000. Finally, Yellowstone Partners LLC acquired a new position in shares of ManpowerGroup during the 3rd quarter valued at about $418,000. 94.44% of the stock is owned by institutional investors.
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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.
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