ManpowerGroup (MAN) was Initiated by Deutsche Bank to “Hold” and the brokerage firm has set the Price Target at $77. Deutsche Bank advised their investors in a research report released on Aug 18, 2016.
Many Wall Street Analysts have commented on ManpowerGroup. ManpowerGroup was Downgraded by Credit Suisse to ” Neutral” on Jun 27, 2016. ManpowerGroup was Downgraded by Avondale to ” Mkt Perform” on Jun 27, 2016.
On the company’s financial health, ManpowerGroup reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.52. The company had revenue of $5022.10 million for the quarter, compared to analysts expectations of $5060.06 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.
ManpowerGroup opened for trading at $69.72 and hit $70.23 on the upside on Wednesday, eventually ending the session at $70.12, with a gain of 0.98% or 0.68 points. The heightened volatility saw the trading volume jump to 9,29,782 shares. Company has a market cap of $4,805 M.
In a different news, on Aug 12, 2016, Handel Michael J Van (SEVP) sold 57,348 shares at $70.13 per share price. According to the SEC, on Apr 26, 2016, Sriram Chandrashekar (EVP) sold 3,045 shares at $81.25 per share price. On Apr 26, 2016, Darryl Green (COO & President) sold 10,000 shares at $80.66 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.