Truist Financial analyst Tobey Sommer maintained a Hold rating on ManpowerGroup (MAN – Research Report) on October 16 and set a price target of $80.00. The company’s shares closed yesterday at $71.21.
According to TipRanks, Sommer is a 5-star analyst with an average return of 12.3% and a 61.58% success rate. Sommer covers the Industrials sector, focusing on stocks such as Parsons, Brink’s Company, and Huron Consulting.
Currently, the analyst consensus on ManpowerGroup is a Hold with an average price target of $80.71, a 13.34% upside from current levels. In a report released on October 12, UBS also maintained a Hold rating on the stock with a $80.00 price target.
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Based on ManpowerGroup’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.86 billion and a net profit of $65.2 million. In comparison, last year the company earned a revenue of $5.07 billion and had a net profit of $122.2 million
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MAN in relation to earlier this year.
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ManpowerGroup (MAN) Company Description:
ManpowerGroup, Inc. engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Right Management. The Americas segment offers services as Manpower, Experis, and ManpowerGroup Solutions through both branch and franchise offices. The Southern Europe segment provides permanent, temporary and contract recruitment, assessment and selection, training and outsourcing services. The Northern Europe includes comprehensive suite of workforce solutions and services through Manpower, Experis, ManpowerGroup Solutions in the United Kingdom, the Nordics, Germany, and the Netherlands. The Asia Pacific Middle East segment operates in Japan, Australia, Korea, China, and India. The Right Management segment delivers talent and career management workforce solutions. The company was founded by Elmer Winter and Aaron Scheinfeld in 1948 and is headquartered in Milwaukee, WI.
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