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

ManpowerGroup (NYSE:MANGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets reduced their price objective on shares of ManpowerGroup from $133.00 to $116.00 and set an “outperform” rating for the company in a report on Thursday, April 14th. Bank of America started coverage on shares of ManpowerGroup in a report on Friday, March 11th. They set an “underperform” rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ManpowerGroup presently has a consensus rating of “Hold” and an average price target of $124.00.

Shares of ManpowerGroup stock opened at $95.08 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 1.11. ManpowerGroup has a fifty-two week low of $84.32 and a fifty-two week high of $125.07. The firm has a fifty day moving average price of $97.67 and a two-hundred day moving average price of $100.11. The company has a market cap of $5.09 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.88.

ManpowerGroup (NYSE:MANGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.29. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.08 billion. ManpowerGroup had a net margin of 1.85% and a return on equity of 16.39%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. Analysts expect that ManpowerGroup will post 8.79 earnings per share for the current fiscal year.

In related news, SVP Donald O. Mondano sold 1,471 shares of the stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $110.00, for a total transaction of $161,810.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. AGF Investments LLC increased its position in ManpowerGroup by 3.9% in the 3rd quarter. AGF Investments LLC now owns 2,634 shares of the business services provider’s stock valued at $285,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in ManpowerGroup by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the business services provider’s stock valued at $1,353,000 after acquiring an additional 100 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in ManpowerGroup by 0.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 17,230 shares of the business services provider’s stock valued at $1,866,000 after acquiring an additional 101 shares in the last quarter. Leuthold Group LLC increased its position in ManpowerGroup by 0.3% in the 3rd quarter. Leuthold Group LLC now owns 38,512 shares of the business services provider’s stock valued at $4,170,000 after acquiring an additional 114 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in ManpowerGroup by 88.6% in the 1st quarter. Fifth Third Bancorp now owns 347 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 94.57% 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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