ManpowerGroup Inc. (NYSE:MAN) CFO Sells $1,373,909.64 in Stock
ManpowerGroup Inc. (NYSE:MAN) CFO John T. Mcginnis sold 13,724 shares of ManpowerGroup stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $100.11, for a total value of $1,373,909.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MAN traded up $0.13 during midday trading on Wednesday, reaching $99.27. 592,800 shares of the company were exchanged, compared to its average volume of 356,980. The stock has a 50-day moving average price of $96.12 and a 200-day moving average price of $90.22. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 8.54 and a beta of 1.61. ManpowerGroup Inc. has a 1-year low of $70.89 and a 1-year high of $100.99. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, October 18th. The business services provider reported $1.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.93 by ($0.01). The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.35 billion. ManpowerGroup had a return on equity of 17.69% and a net margin of 2.30%. Equities research analysts anticipate that ManpowerGroup Inc. will post 7.4 earnings per share for the current year.
A number of research analysts recently weighed in on MAN shares. Jefferies Financial Group began coverage on ManpowerGroup in a report on Wednesday, November 27th. They issued a “hold” rating and a $96.00 target price on the stock. Barclays upgraded ManpowerGroup from an “underweight” rating to an “overweight” rating and set a $112.00 price objective on the stock in a research note on Tuesday. Credit Suisse Group reduced their price objective on ManpowerGroup from $82.00 to $78.00 and set an “underperform” rating on the stock in a research note on Friday, October 18th. They noted that the move was a valuation call. ValuEngine cut ManpowerGroup from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. Finally, Robert W. Baird set a $101.00 price objective on ManpowerGroup and gave the stock a “buy” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $96.40.
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.
Further Reading: Equal Weight Rating
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