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ManpowerGroup (MAN) Gets a Hold Rating from J.P. Morgan

J.P. Morgan analyst Andrew Steinerman maintained a Hold rating on ManpowerGroup (MANResearch Report) on July 20 and set a price target of $80.00. The company’s shares closed last Thursday at $79.19, close to its 52-week low of $73.76.

According to TipRanks.com, Steinerman is a 4-star analyst with an average return of 10.0% and a 59.2% success rate. Steinerman covers the Services sector, focusing on stocks such as ARAMARK Holdings, Bright Horizons, and First Advantage.

The word on The Street in general, suggests a Hold analyst consensus rating for ManpowerGroup with a $82.89 average price target, a 5.7% upside from current levels. In a report issued on July 15, Truist Financial also downgraded the stock to Hold with a $80.00 price target.

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The company has a one-year high of $123.84 and a one-year low of $73.76. Currently, ManpowerGroup has an average volume of 435.5K.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MAN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ManpowerGroup, Inc. engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Right Management. The Americas segment offers services as Manpower, Experis, and ManpowerGroup Solutions through both branch and franchise offices. The Southern Europe segment provides permanent, temporary and contract recruitment, assessment and selection, training and outsourcing services. The Northern Europe includes comprehensive suite of workforce solutions and services through Manpower, Experis, ManpowerGroup Solutions in the United Kingdom, the Nordics, Germany, and the Netherlands. The Asia Pacific Middle East segment operates in Japan, Australia, Korea, China, and India. The Right Management segment delivers talent and career management workforce solutions. The company was founded by Elmer Winter and Aaron Scheinfeld in 1948 and is headquartered in Milwaukee, WI.

Read More on MAN:

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