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

BMO Capital Markets downgraded shares of ManpowerGroup (NYSE:MAN – Get Rating) from an outperform rating to a market perform rating in a research report released on Thursday, The Fly reports. The firm currently has $84.00 target price on the business services provider’s stock, down from their prior target price of $120.00.

Other research analysts have also issued research reports about the company. Bank of America started coverage on ManpowerGroup in a research report on Friday, March 11th. They set an underperform rating for the company. StockNews.com upgraded ManpowerGroup from a hold rating to a buy rating in a research report on Friday, April 29th. Robert W. Baird reduced their price target on ManpowerGroup from $144.00 to $120.00 in a research report on Wednesday, April 20th. Finally, Credit Suisse Group reduced their price target on ManpowerGroup from $115.00 to $105.00 and set a neutral rating for the company in a research report on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $113.17.

Shares of MAN opened at $88.00 on Thursday. The company has a market cap of $4.64 billion, a P/E ratio of 11.75, a PEG ratio of 1.16 and a beta of 1.77. The stock has a fifty day moving average price of $91.48 and a 200 day moving average price of $97.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.12 and a quick ratio of 1.12. ManpowerGroup has a 12 month low of $84.32 and a 12 month high of $124.57.

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

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be issued a $1.36 dividend. This is a positive change from ManpowerGroup’s previous Semi-Annual dividend of $1.26. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a dividend yield of 3%. ManpowerGroup’s dividend payout ratio is 33.64%.

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of ManpowerGroup by 88.6% in the first quarter. Fifth Third Bancorp now owns 347 shares of the business services provider’s stock valued at $33,000 after buying an additional 163 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of ManpowerGroup during the third quarter worth $48,000. Quent Capital LLC acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $50,000. Covestor Ltd acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $67,000. Finally, Captrust Financial Advisors raised its position in shares of ManpowerGroup by 72.6% during the first quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock worth $81,000 after purchasing an additional 361 shares during the period. Institutional investors and hedge funds 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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