ManpowerGroup (MAN) Rating Reiterated by Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of ManpowerGroup (NYSE:MAN) in a research note issued to investors on Friday, July 14th, Marketbeat.com reports. Royal Bank Of Canada currently has a $111.00 target price on the business services provider’s stock, up from their previous target price of $104.00.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of ManpowerGroup from a buy rating to a hold rating in a report on Wednesday, April 26th. BidaskClub upgraded shares of ManpowerGroup from a hold rating to a buy rating in a research note on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. ManpowerGroup presently has a consensus rating of Hold and a consensus price target of $102.71.

Shares of ManpowerGroup (NYSE MAN) opened at 108.28 on Friday. ManpowerGroup has a 52-week low of $66.53 and a 52-week high of $119.59. The stock has a market cap of $7.30 billion, a PE ratio of 16.56 and a beta of 1.39. The company’s 50 day moving average price is $110.85 and its 200 day moving average price is $102.71.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Monday, July 24th. The business services provider reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by $0.01. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.06 billion. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.90%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 EPS. On average, analysts anticipate that ManpowerGroup will post $6.76 earnings per share for the current year.

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In other news, COO Darryl Green sold 76,000 shares of the company’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 value of $8,043,080.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sriram Chandrashekar sold 19,912 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $105.39, for a total transaction of $2,098,525.68. Following the completion of the sale, the executive vice president now directly owns 1,659 shares of the company’s stock, valued at $174,842.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,615 shares of company stock valued at $12,677,609. Company insiders own 0.87% of the company’s stock.

Several large investors have recently modified their holdings of MAN. State Board of Administration of Florida Retirement System increased its stake in shares of ManpowerGroup by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 99,246 shares of the business services provider’s stock valued at $11,081,000 after buying an additional 866 shares during the period. William Blair Investment Management LLC increased its stake in shares of ManpowerGroup by 3.9% in the second quarter. William Blair Investment Management LLC now owns 8,197 shares of the business services provider’s stock valued at $915,000 after buying an additional 304 shares during the period. BB&T Securities LLC purchased a new stake in shares of ManpowerGroup during the second quarter valued at approximately $203,000. DE Burlo Group Inc. increased its stake in shares of ManpowerGroup by 4.2% in the second quarter. DE Burlo Group Inc. now owns 64,400 shares of the business services provider’s stock valued at $7,190,000 after buying an additional 2,600 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of ManpowerGroup by 10.2% in the second quarter. BNP Paribas Arbitrage SA now owns 110,593 shares of the business services provider’s stock valued at $12,348,000 after buying an additional 10,250 shares during the period. Institutional investors and hedge funds own 93.87% of the company’s stock.

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.