Equities research analysts at Barclays Capital hoisted their price objective on shares of ManpowerGroup (NYSE:MAN) from $56.00 to $74.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price target points to a potential upside of 12.51% from the stock’s previous close.
Shares of ManpowerGroup (NYSE: MAN) traded down 1.26% during mid-day trading on Friday, hitting $65.77. ManpowerGroup has a 52 week low of $33.83 and a 52 week high of $67.22. The stock’s 50-day moving average is currently $58.47. The company has a market cap of $5.091 billion and a P/E ratio of 25.28.
ManpowerGroup (NYSE:MAN) last released its earnings data on Friday, July 19th. The company reported $0.88 earnings per share for the quarter, missing the analysts’ 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 prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue 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 $3.76 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MAN. Analysts at RBC Capital raised their price target on shares of ManpowerGroup from $60.00 to $66.00 in a research note to investors on Tuesday, July 23rd. They now have a “sector perform” rating on the stock. Separately, analysts at JPMorgan Cazenove raised their price target on shares of ManpowerGroup from $63.00 to $72.00 in a research note to investors on Tuesday, July 23rd. They now have an “overweight” rating on the stock.
Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.17.
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.
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