J.P. Morgan analyst Andrew Steinerman maintained a Hold rating on ManpowerGroup (MAN – Research Report) on October 20 and set a price target of $73.00. The company’s shares closed yesterday at $69.49.
Steinerman covers the Industrials sector, focusing on stocks such as Resources Connection, ARAMARK Holdings, and ManpowerGroup. According to TipRanks, Steinerman has an average return of 8.2% and a 60.45% success rate on recommended stocks.
ManpowerGroup has an analyst consensus of Hold, with a price target consensus of $72.25, representing a 3.97% upside. In a report released on October 20, BMO Capital also assigned a Hold rating to the stock with a $79.00 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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