BMO Capital analyst Jeffrey Silber maintained a Hold rating on ManpowerGroup (MAN – Research Report) yesterday and set a price target of $92.00. The company’s shares closed yesterday at $88.98.
Silber covers the Services sector, focusing on stocks such as Chegg, Grand Canyon Education, and Strategic Education. According to TipRanks, Silber has an average return of 15.5% and a 67.88% success rate on recommended stocks.
ManpowerGroup has an analyst consensus of Hold, with a price target consensus of $83.63, a -6.01% downside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a $73.00 price target.
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Based on ManpowerGroup’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.8 billion and a net profit of $111.3 million. In comparison, last year the company earned a revenue of $5.38 billion and had a net profit of $111.1 million
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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:
- ManpowerGroup CEO says Q4 results ‘reflect a softening demand environment’
- ManpowerGroup Reports 4th Quarter 2022 Results
- ManpowerGroup sees Q1 diluted EPS $1.61-$1.71, consensus $1.54
- ManpowerGroup reports Q4 adjusted EPS $2.08, consensus $2.11
- ManpowerGroup downgraded to Neutral from Buy at Northcoast