BMO Capital Markets Downgrades ManpowerGroup (NYSE:MAN) to Market Perform

ManpowerGroup (NYSE:MANGet Rating) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, The Fly reports.

Several other research analysts also recently commented on MAN. Bank of America initiated coverage on shares of ManpowerGroup in a report on Friday, March 11th. They issued an “underperform” rating for the company. Robert W. Baird dropped their price objective on shares of ManpowerGroup from $144.00 to $120.00 in a report on Wednesday, April 20th. StockNews.com raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Credit Suisse Group dropped their price objective on shares of ManpowerGroup from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, April 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $119.17.

MAN opened at $89.81 on Thursday. The company has a 50 day moving average of $91.86 and a 200 day moving average of $97.48. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. ManpowerGroup has a 12 month low of $84.32 and a 12 month high of $124.57. The company has a market cap of $4.74 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.18 and a beta of 1.77.

ManpowerGroup (NYSE:MANGet Rating) last announced its quarterly earnings results on Tuesday, April 19th. The business services provider reported $1.88 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.08 billion. During the same period last year, the firm earned $1.11 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that ManpowerGroup will post 9.08 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC increased its position in shares of ManpowerGroup by 12.5% in the first quarter. Neuberger Berman Group LLC now owns 9,275 shares of the business services provider’s stock valued at $871,000 after acquiring an additional 1,029 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of ManpowerGroup by 59.8% during the first quarter. BNP Paribas Arbitrage SA now owns 92,478 shares of the business services provider’s stock valued at $8,686,000 after buying an additional 34,600 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of ManpowerGroup during the first quarter valued at about $1,418,000. Delphia USA Inc. increased its position in shares of ManpowerGroup by 20.2% during the first quarter. Delphia USA Inc. now owns 3,888 shares of the business services provider’s stock valued at $365,000 after buying an additional 654 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of ManpowerGroup during the first quarter valued at about $932,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.

ManpowerGroup Company Profile (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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