In yesterday’s Wall Street session, ManpowerGroup Inc. (NYSE:MAN) shares traded at $81.04, up 2.58% from the previous session.
As of this writing, 13 analysts cover ManpowerGroup Inc. (NYSE:MAN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $101.00 and a low of $70.00, we find $88.50. Given the previous closing price of $79.00, this indicates a potential upside of 12.03 percent. MAN stock price is now -6.46% away from the 50-day moving average and 0.71% away from the 200-day moving average. The market capitalization of the company currently stands at $4.18B.
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There are 6 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $85.80 as their price target over the next twelve months.
On January 05, 2023, Exane BNP Paribas recently initiated its ‘Outperform’ rating on the stock quoting a target price of $95, while ‘Jefferies’ rates the stock as ‘Hold’.
In other news, MONDANO DONALD O, SVP, Global Controller sold 2,500 shares of the company’s stock on Feb 23. The stock was sold for $213,750 at an average price of $85.50. Upon completion of the transaction, the SVP, Global Controller now directly owns 5,440 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13, Director PAYNE ULICE JR sold 780 shares of the business’s stock. A total of $69,490 was realized by selling the stock at an average price of $89.09. This leaves the insider owning 9,720 shares of the company worth $0.79 million. Insiders disposed of 110,217 shares of company stock worth roughly $8.93 million over the past 1 year. A total of 1.06% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MAN stock. A new stake in ManpowerGroup Inc. shares was purchased by QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $7,295,000. REDWOOD INVESTMENT MANAGEMENT, LLC invested $5,363,000 in shares of MAN during the first quarter. In the first quarter, CIBC WORLD MARKETS CORP acquired a new stake in ManpowerGroup Inc. valued at approximately $5,024,000. AGF MANAGEMENT LTD acquired a new stake in MAN for approximately $3,279,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in MAN valued at around $3,049,000 in the second quarter. In total, there are 478 active investors with 99.37% ownership of the company’s stock.
Tuesday morning saw ManpowerGroup Inc. (NYSE: MAN) opened at $81.02. During the past 12 months, ManpowerGroup Inc. has had a low of $64.00 and a high of $101.53. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for MAN is $86.59 and a two-hundred day moving average price translates $80.42 for the stock.
The latest earnings results from ManpowerGroup Inc. (NYSE: MAN) was released for Dec, 2022. According to the Staffing & Employment Services Company, earnings per share came in at $2.08, missing analysts’ expectations of $2.11 by -0.03. This compares to $2.01 EPS in the same period last year. The net profit margin was 1.90% and return on equity was 15.20% for MAN. The company reported revenue of $4.81 billion for the quarter, compared to $5.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.65 percent. For the current quarter, analysts expect MAN to generate $4.82B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 12/01/2022 were paid a $1.36 dividend. On an annualized basis, this represents a $2.72 dividend and a 3.36% percent yield. There was an ex-dividend date of 11/30/2022 for this dividend. In terms of dividend payout ratio, MAN is presently at 38.10%.
ManpowerGroup Inc.(MAN) Company Profile
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. It also offers various assessment services; training and development services; career management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. In addition, the company provides workforce consulting services; contingent staffing and permanent recruitment services; professional resourcing and project-based solutions in information technology, engineering, and finance fields; solutions in the areas of organizational efficiency, individual development, and career mobility; and recruitment process outsourcing, TAPFIN managed, and talent based outsourcing services, as well as Proservia services in the areas of digital services market and IT infrastructure sector. It operates through a network of approximately 2,200 offices in 75 countries and territories. The company was incorporated in 1948 and is based in Milwaukee, Wisconsin.
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