ManpowerGroup (MAN) is Downgraded by Credit Suisse to Neutral

ManpowerGroup (MAN) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Jun 27, 2016.

Many Wall Street Analysts have commented on ManpowerGroup. Nomura Initiated ManpowerGroup on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $102.

On the company’s financial health, ManpowerGroup reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.93. The company had revenue of $4587.00 million for the quarter, compared to analysts expectations of $4638.68 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

ManpowerGroup closed down -10.3 points or -13.41% at $66.53 with 41,32,486 shares getting traded on Friday. Post opening the session at $71.07, the shares hit an intraday low of $65.17 and an intraday high of $72.5325 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 26, 2016, Sriram Chandrashekar (EVP) sold 3,045 shares at $81.25 per share price. According to the SEC, on Apr 26, 2016, Darryl Green (COO & President) sold 10,000 shares at $80.66 per share price. On Mar 7, 2016, Ulice Jr Payne (director) sold 2,200 shares at $80.54 per share price, according to the Form-4 filing with the securities and exchange commission.

ManpowerGroup Inc. is a provider of workforce solutions and services. The Company’s segments are Americas Southern Europe Northern Europe Asia Pacific Middle East (APME) and Right Management. The Americas segment includes operations in the United States and other Americas. The Southern Europe segment includes the operations in France Italy and other Southern Europe. The Northern Europe segment includes operations in the United Kingdom the Nordics Germany and the Netherlands. It provides placement of contingent workers in the Americas Southern Europe Northern Europe and APME segments. It offers other workforce solutions and services including recruitment and assessment; training and development and ManpowerGroup solutions. The Right Management segment offers career management and workforce consulting services. The Company offers various brands including Manpower Experis Right Management and ManpowerGroup Solutions.


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