ManpowerGroup (NYSE:MAN) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of ManpowerGroup (NYSE:MAN) in a report published on Thursday, The Fly reports. The firm issued a hold rating on the business services provider’s stock.

MAN has been the topic of a number of other research reports. Robert W. Baird set a $101.00 price target on ManpowerGroup and gave the stock a buy rating in a research report on Friday, October 18th. CL King began coverage on ManpowerGroup in a research report on Wednesday, November 13th. They issued a buy rating and a $107.00 price target on the stock. SunTrust Banks decreased their price target on ManpowerGroup from $97.00 to $90.00 and set a hold rating on the stock in a research report on Thursday, September 26th. ValuEngine upgraded ManpowerGroup from a strong sell rating to a sell rating in a research report on Thursday, October 24th. Finally, Credit Suisse Group decreased their price target on ManpowerGroup from $82.00 to $78.00 and set an underperform rating on the stock in a research report on Friday, October 18th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $95.75.

Shares of NYSE MAN traded up $0.80 during mid-day trading on Thursday, reaching $92.78. The company had a trading volume of 314,416 shares, compared to its average volume of 538,574. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 1.48. ManpowerGroup has a one year low of $61.57 and a one year high of $97.96. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 8.40 and a beta of 1.61. The business’s 50-day simple moving average is $89.15 and its 200 day simple moving average is $89.02.

ManpowerGroup declared that its Board of Directors has approved a share buyback program on Friday, August 2nd that authorizes the company to repurchase 6,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $1.09 dividend. The ex-dividend date of this dividend is Friday, November 29th. ManpowerGroup’s payout ratio is currently 24.36%.

In other ManpowerGroup news, Director Ulice Payne, Jr. sold 475 shares of ManpowerGroup stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $93.17, for a total value of $44,255.75. Following the transaction, the director now owns 7,561 shares in the company, valued at $704,458.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Handel Michael J. Van sold 9,000 shares of ManpowerGroup stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $92.09, for a total value of $828,810.00. Following the completion of the transaction, the director now owns 8,283 shares in the company, valued at approximately $762,781.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,962 shares of company stock worth $1,912,833. Company insiders own 1.49% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MAN. DNB Asset Management AS bought a new position in ManpowerGroup in the second quarter valued at about $3,178,000. Nisa Investment Advisors LLC grew its position in ManpowerGroup by 41.9% in the second quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the business services provider’s stock valued at $1,063,000 after acquiring an additional 3,250 shares during the last quarter. Welch & Forbes LLC bought a new position in ManpowerGroup in the second quarter valued at about $215,000. Oregon Public Employees Retirement Fund grew its position in ManpowerGroup by 24.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 61,190 shares of the business services provider’s stock valued at $5,911,000 after acquiring an additional 12,056 shares during the last quarter. Finally, CenturyLink Investment Management Co grew its position in ManpowerGroup by 1.2% in the second quarter. CenturyLink Investment Management Co now owns 15,517 shares of the business services provider’s stock valued at $1,499,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 93.12% of the company’s stock.

About ManpowerGroup

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.

Read More: How are Outstanding Shares Different from Authorized Shares?

The Fly

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.