ManpowerGroup (NYSE:MAN) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of ManpowerGroup (NYSE:MANGet Rating) from a buy rating to a hold rating in a research report report published on Friday.

Other equities analysts have also issued reports about the stock. Bank of America started coverage on shares of ManpowerGroup in a report on Friday, March 11th. They issued an underperform rating on the stock. Credit Suisse Group cut their target price on shares of ManpowerGroup from $115.00 to $105.00 and set a neutral rating on the stock in a report on Wednesday, April 20th. Robert W. Baird cut their target price on shares of ManpowerGroup from $144.00 to $120.00 in a report on Wednesday, April 20th. Finally, BMO Capital Markets lowered shares of ManpowerGroup from an outperform rating to a market perform rating and cut their target price for the stock from $120.00 to $84.00 in a report on Thursday, May 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $113.80.

Shares of ManpowerGroup stock opened at $75.95 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.05 and a beta of 1.77. ManpowerGroup has a 1-year low of $74.13 and a 1-year high of $123.84. The firm’s 50-day moving average price is $88.69 and its two-hundred day moving average price is $95.76.

ManpowerGroup (NYSE:MANGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.32. ManpowerGroup had a net margin of 1.97% and a return on equity of 17.72%. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that ManpowerGroup will post 9.08 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were given a $1.36 dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend was Tuesday, May 31st. This is an increase from ManpowerGroup’s previous Semi-Annual dividend of $1.26. ManpowerGroup’s dividend payout ratio (DPR) is 36.32%.

In other news, Director Ulice Payne, Jr. sold 600 shares of ManpowerGroup stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $86.69, for a total value of $52,014.00. Following the completion of the transaction, the director now owns 8,532 shares of the company’s stock, valued at approximately $739,639.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in ManpowerGroup by 21.8% in the 1st quarter. Bank of America Corp DE now owns 128,451 shares of the business services provider’s stock worth $12,064,000 after purchasing an additional 22,954 shares in the last quarter. Verition Fund Management LLC acquired a new stake in ManpowerGroup in the 1st quarter worth about $759,000. Neuberger Berman Group LLC raised its stake in ManpowerGroup by 12.5% in the 1st quarter. Neuberger Berman Group LLC now owns 9,275 shares of the business services provider’s stock worth $871,000 after purchasing an additional 1,029 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in ManpowerGroup by 59.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 92,478 shares of the business services provider’s stock worth $8,686,000 after purchasing an additional 34,600 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in ManpowerGroup in the 1st quarter worth about $1,418,000. Institutional investors own 95.26% of the company’s stock.

About ManpowerGroup (Get Rating)

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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