CL King initiated coverage on shares of ManpowerGroup (NYSE:MAN) in a research report report published on Wednesday morning, The Fly reports. The brokerage issued a buy rating and a $107.00 target price on the business services provider’s stock.
A number of other analysts have also recently weighed in on MAN. Robert W. Baird set a $101.00 target price on shares of ManpowerGroup and gave the stock a buy rating in a research note on Friday, October 18th. Bank of America decreased their target price on shares of ManpowerGroup from $100.00 to $96.00 and set a neutral rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada set a $107.00 target price on shares of ManpowerGroup and gave the stock a buy rating in a research note on Monday, October 21st. Credit Suisse Group decreased their target price on shares of ManpowerGroup from $82.00 to $78.00 and set an underperform rating on the stock in a research note on Friday, October 18th. They noted that the move was a valuation call. Finally, Argus cut shares of ManpowerGroup from a buy rating to a hold rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. ManpowerGroup has a consensus rating of Hold and an average price target of $95.75.
Shares of NYSE MAN traded up $0.08 during midday trading on Wednesday, reaching $93.26. 158,798 shares of the company were exchanged, compared to its average volume of 540,054. The stock’s 50-day moving average price is $88.01 and its 200-day moving average price is $89.09. The stock has a market cap of $5.49 billion, a P/E ratio of 10.42, a PEG ratio of 8.39 and a beta of 1.61. ManpowerGroup has a one year low of $61.57 and a one year high of $97.96. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $1.09 dividend. The ex-dividend date of this dividend is Friday, November 29th. ManpowerGroup’s dividend payout ratio is 24.36%.
In related news, SVP Richard Buchband sold 1,750 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $85.43, for a total value of $149,502.50. Following the sale, the senior vice president now owns 8,214 shares of the company’s stock, valued at $701,722.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ulice Payne, Jr. sold 475 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $93.17, for a total transaction of $44,255.75. Following the completion of the sale, the director now directly owns 7,561 shares in the company, valued at approximately $704,458.37. The disclosure for this sale can be found here. In the last three months, insiders sold 37,583 shares of company stock worth $3,318,638. 1.49% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of MAN. Knuff & Co LLC acquired a new position in ManpowerGroup in the third quarter valued at $25,000. Parallel Advisors LLC lifted its holdings in ManpowerGroup by 144.4% in the second quarter. Parallel Advisors LLC now owns 352 shares of the business services provider’s stock valued at $34,000 after buying an additional 208 shares during the period. CWM LLC lifted its holdings in ManpowerGroup by 114.4% in the second quarter. CWM LLC now owns 373 shares of the business services provider’s stock valued at $36,000 after buying an additional 199 shares during the period. Quest Capital Management Inc. ADV acquired a new position in ManpowerGroup in the third quarter valued at $45,000. Finally, Destination Wealth Management acquired a new position in ManpowerGroup in the second quarter valued at $58,000. 94.78% of the stock is currently owned by institutional investors.
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.
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