ManpowerGroup Inc. (NYSE:MAN) has received a consensus rating of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $98.67.
A number of analysts have weighed in on the company. ValuEngine raised ManpowerGroup from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 26th. Northcoast Research reaffirmed a “neutral” rating on shares of ManpowerGroup in a research report on Monday, July 23rd. SunTrust Banks reaffirmed a “hold” rating and issued a $100.00 price target on shares of ManpowerGroup in a research report on Monday, July 23rd. Credit Suisse Group assumed coverage on ManpowerGroup in a research report on Friday, August 10th. They issued an “outperform” rating and a $115.00 price target for the company. Finally, BMO Capital Markets reduced their price target on ManpowerGroup from $107.00 to $96.00 and set an “outperform” rating for the company in a research report on Monday, July 23rd.
In related news, EVP Mara E. Swan sold 11,192 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $93.77, for a total transaction of $1,049,473.84. Following the completion of the transaction, the executive vice president now owns 13,493 shares of the company’s stock, valued at approximately $1,265,238.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in ManpowerGroup by 148.6% during the third quarter. IFP Advisors Inc now owns 1,310 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 783 shares during the period. Itau Unibanco Holding S.A. increased its stake in ManpowerGroup by 213.0% during the second quarter. Itau Unibanco Holding S.A. now owns 1,643 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 1,118 shares during the period. Cerebellum GP LLC bought a new position in ManpowerGroup during the second quarter valued at about $170,000. Atria Investments LLC bought a new position in ManpowerGroup during the third quarter valued at about $214,000. Finally, Verity Asset Management Inc. bought a new position in ManpowerGroup during the second quarter valued at about $243,000. 92.20% of the stock is owned by institutional investors and hedge funds.
MAN traded down $1.49 during trading on Monday, reaching $79.61. 1,048,155 shares of the stock traded hands, compared to its average volume of 1,017,356. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.10 and a beta of 1.21. ManpowerGroup has a fifty-two week low of $71.79 and a fifty-two week high of $136.93. The company has a current ratio of 1.47, a quick ratio of 1.48 and a debt-to-equity ratio of 0.37.
ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Friday, October 19th. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.02. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.64 billion. ManpowerGroup had a return on equity of 20.02% and a net margin of 2.76%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 earnings per share. As a group, sell-side analysts forecast that ManpowerGroup will post 8.69 earnings per share for the current fiscal year.
ManpowerGroup declared that its board has authorized a stock repurchase program on Friday, August 3rd that allows the company to buyback 6,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 5.07%. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.93. ManpowerGroup’s payout ratio is currently 28.69%.
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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