Analyst Price Target Update on ManpowerGroup (NYSE:MAN)
Oct 23, 2015
ManpowerGroup (NYSE:MAN) stock has received a short term price target of $ 100.7 from 10 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $5.21. The higher estimate of target price is $110 , while the lower price target estimate is $92
ManpowerGroup (NYSE:MAN) has received a strong buy rating for the short term, according to the latest rank of 1 from research firm, Zacks. The company received an average rating of 1.5 from 12 analysts. 9 have rated it as a strong buy. 3 analysts have rated the company at hold.
Currently the company Insiders own 2% of ManpowerGroup shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -65.77% . Institutional Investors own 91.98% of ManpowerGroup shares. During last six month period, the net percent change held by insiders has seen a change of -65.77%. Many analysts have commented on the company rating. In a research note released to the investors, Deutsche Bank maintains its rating on ManpowerGroup (NYSE:MAN). Investors must note that the brokerage house has a Buy rating on the shares of the company. The Equity Firm raises its price target from $95 per share to $101 per share. The rating by the firm was issued on August 17, 2015.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Payne Ulice Jr, director of Manpowergroup Inc., unloaded 1,400 shares at an average price of $94.45 on August 13, 2015. The total amount of the transaction was worth $132,230, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Shares of ManpowerGroup (NYSE:MAN) ended Thursday session in red amid volatile trading. The shares closed down 1.27 points or 1.49% at $83.78 with 1,379,154 shares getting traded. Post opening the session at $85.34, the shares hit an intraday low of $83.29 and an intraday high of $85.43 and the price vacillated in this range throughout the day. The company has a market cap of $6,434 million and the number of outstanding shares have been calculated to be 76,796,716 shares. The 52-week high of ManpowerGroup (NYSE:MAN) is $96.87 and the 52-week low is $59.54.
ManpowerGroup Inc. has lost 4.37% in the last five trading days and dropped 1.06% in the last 4 weeks. ManpowerGroup Inc. has dropped 6.11% during the last 3-month period . Year-to-Date the stock performance stands at 24.05%.
ManpowerGroup Inc., formerly Manpower Inc. provides workforce solutions and services. The Company provides a comprehensive suite of high-impact workforce solutions and services for the entire business cycle, which includes recruitment and assessment, training and development, career management, outsourcing and workforce consulting. Its family of brands and offerings includes ManpowerGroup, Manpower, Experis, Right Management and ManpowerGroup Solutions. The Company focuses on the areas of office, call center and industrial services and solutions. It specializes in the delivery of customized workforce strategies and outcome-based solutions.It provides Right Management , Talent Based Outsourcing (TBO), Managed Services Provider (MSP), Recruitment Process Outsourcing (RPO), Borderless Talent Solutions (BTS) and Strategic Workforce Consulting (SWC). In June 2011, the Company acquired Xian Fesco. In July 2012, it acquired the remaining 26% stake in Web Development Company Limited.