ManpowerGroup (MAN) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of ManpowerGroup (NYSE:MAN) from a hold rating to a buy rating in a research note published on Friday.

A number of other equities research analysts have also weighed in on the stock. Credit Suisse Group restated a neutral rating and issued a $111.00 target price (up previously from $106.00) on shares of ManpowerGroup in a report on Tuesday, July 25th. Northcoast Research restated a neutral rating on shares of ManpowerGroup in a report on Monday, July 17th. BMO Capital Markets upped their target price on shares of ManpowerGroup from $113.00 to $124.00 and gave the stock an outperform rating in a report on Friday, July 14th. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $111.00 price objective (up from $104.00) on shares of ManpowerGroup in a research report on Friday, July 14th. Finally, Zacks Investment Research raised shares of ManpowerGroup from a hold rating to a buy rating and set a $125.00 price objective for the company in a research report on Tuesday, July 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ManpowerGroup currently has a consensus rating of Buy and a consensus target price of $102.71.

Shares of ManpowerGroup (NYSE MAN) traded down 0.38% during trading on Friday, hitting $106.85. The stock had a trading volume of 412,182 shares. ManpowerGroup has a 1-year low of $67.30 and a 1-year high of $119.59. The company has a market capitalization of $7.13 billion, a P/E ratio of 16.35 and a beta of 1.39. The firm has a 50-day moving average of $110.90 and a 200 day moving average of $103.33.

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 Zacks’ consensus estimate of $1.73 by $0.01. ManpowerGroup had a return on equity of 17.90% and a net margin of 2.24%. 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 company earned $1.60 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that ManpowerGroup will post $6.75 earnings per share for the current fiscal year.

In other ManpowerGroup news, SVP Richard Buchband sold 1,250 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $109.00, for a total value of $136,250.00. Following the completion of the sale, the senior vice president now directly owns 3,884 shares of the company’s stock, valued at approximately $423,356. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ulice Payne, Jr. sold 2,100 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $107.94, for a total transaction of $226,674.00. Following the completion of the sale, the director now directly owns 11,136 shares of the company’s stock, valued at $1,202,019.84. The disclosure for this sale can be found here. Insiders sold a total of 121,715 shares of company stock valued at $12,904,283 over the last ninety days. 0.87% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. Teachers Advisors LLC increased its position in ManpowerGroup by 60.8% in the fourth quarter. Teachers Advisors LLC now owns 214,050 shares of the business services provider’s stock worth $19,023,000 after buying an additional 80,914 shares in the last quarter. Macquarie Group Ltd. increased its position in ManpowerGroup by 5.1% in the fourth quarter. Macquarie Group Ltd. now owns 59,700 shares of the business services provider’s stock worth $5,306,000 after buying an additional 2,900 shares in the last quarter. Creative Planning increased its position in ManpowerGroup by 6.0% in the first quarter. Creative Planning now owns 5,964 shares of the business services provider’s stock worth $612,000 after buying an additional 335 shares in the last quarter. Regentatlantic Capital LLC increased its position in ManpowerGroup by 6.9% in the first quarter. Regentatlantic Capital LLC now owns 10,412 shares of the business services provider’s stock worth $1,068,000 after buying an additional 670 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in ManpowerGroup by 7.6% in the first quarter. Capstone Asset Management Co. now owns 8,089 shares of the business services provider’s stock worth $830,000 after buying an additional 570 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

About ManpowerGroup

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.