ManpowerGroup (MAN) Rating Lowered to Hold at BidaskClub

ManpowerGroup (NYSE:MAN) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

MAN has been the topic of several other reports. Zacks Investment Research upgraded ManpowerGroup from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Friday, April 21st. Northcoast Research restated a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $111.00 target price (up from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. Credit Suisse Group restated a “neutral” rating and issued a $111.00 target price (up from $106.00) on shares of ManpowerGroup in a research report on Tuesday, July 25th. Finally, BMO Capital Markets raised their target price on ManpowerGroup from $113.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $102.71.

ManpowerGroup (MAN) opened at 106.66 on Friday. The firm’s 50-day moving average price is $110.90 and its 200 day moving average price is $103.80. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 16.32 and a beta of 1.39. ManpowerGroup has a 52-week low of $67.30 and a 52-week high of $119.59.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Monday, July 24th. The business services provider reported $1.72 EPS for the quarter, missing the 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 during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that ManpowerGroup will post $6.75 EPS for the current year.

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In other ManpowerGroup news, EVP Mara E. Swan sold 2,393 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $109.18, for a total transaction of $261,267.74. Following the completion of the transaction, the executive vice president now directly owns 27,078 shares of the company’s stock, valued at approximately $2,956,376.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Richard Buchband sold 1,250 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $109.00, for a total value of $136,250.00. Following the transaction, the senior vice president now directly owns 3,884 shares of the company’s stock, valued at $423,356. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,108 shares of company stock valued at $13,165,550. 0.87% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of MAN. WINTON GROUP Ltd raised its position in shares of ManpowerGroup by 101.9% in the second quarter. WINTON GROUP Ltd now owns 52,693 shares of the business services provider’s stock worth $5,883,000 after buying an additional 26,600 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of ManpowerGroup during the second quarter worth about $208,000. Seminole Management Co. Inc. raised its position in shares of ManpowerGroup by 10.8% in the second quarter. Seminole Management Co. Inc. now owns 14,400 shares of the business services provider’s stock worth $1,608,000 after buying an additional 1,400 shares during the last quarter. Security National Bank of SO Dak raised its position in shares of ManpowerGroup by 1.2% in the second quarter. Security National Bank of SO Dak now owns 8,165 shares of the business services provider’s stock worth $911,000 after buying an additional 100 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in shares of ManpowerGroup by 11.1% in the second quarter. Coldstream Capital Management Inc. now owns 6,572 shares of the business services provider’s stock worth $734,000 after buying an additional 655 shares during the last quarter. 93.95% of the stock is owned by hedge funds and other institutional investors.

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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