Equities research analysts at RBC Capital boosted their price objective on shares of ManpowerGroup (NYSE:MAN) from $60.00 to $66.00 in a research note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 0.03% from the stock’s previous close.
Shares of ManpowerGroup (NYSE: MAN) opened at 65.98 on Tuesday. ManpowerGroup has a 52 week low of $32.25 and a 52 week high of $66.85. The stock’s 50-day moving average is currently $57.52. The company has a market cap of $5.107 billion and a P/E ratio of 25.04.
ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Friday, July 19th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.02. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.00 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. ManpowerGroup has set its Q3 guidance at $1.02-1.10 EPS. Analysts expect that ManpowerGroup will post $3.66 EPS for the current fiscal year.
MAN has been the subject of a number of other recent research reports. Analysts at JP Morgan Cazenove raised their price target on shares of ManpowerGroup from $63.00 to $72.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of ManpowerGroup from $70.00 to $72.00 in a research note to investors on Monday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of ManpowerGroup in a research note to investors on Monday. They now have a $58.00 price target on the stock, down previously from $74.00.
Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $55.17.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.