ManpowerGroup (MAN) – Credit Suisse Maintains Rating And Raises Price Target


ManpowerGroup (NYSE:MAN).

On October 23 Nomura made no change to the company rating of “Buy” but raised the price expectation to $134.00 from $102.00.

The company is up by 0.60% percent from yesterday’s close. The stock is trading at $121.86 a tad above the 50 day moving average which is $118.15 and which is quite a bit above the 200 day moving average of $109.48. The 50 day moving average was up $3.71 or +3.14% whereas the 200 day moving average was up $12.38 or +11.30%.

ManpowerGroup Inc., launched on April 12, 1990, is a provider of workforce solutions and services. The Business’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Business’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe. Its Northern Europe segment includes operations in the United Kingdom, the Nordics, Germany and the Netherlands. Its APME operations provide a range of workforce solutions and services offered through Manpower, Experis and ManpowerGroup Solutions, including permanent, temporary and contract recruitment, assessment and selection, training and outsourcing. The Business’s Right Management segment provides talent and career management workforce solutions. The Company offers a portfolio of training courses and leadership development solutions. The Company provides clients with outsourcing services related to human resources functions primarily in the areas of recruiting and workforce-intensive initiatives. It provides services under its Experis brand, particularly in the areas of information technology (IT), engineering and finance..

ManpowerGroup’s P/E ratio is 18.64 and the market cap is 8.13B. In the last earnings report the EPS was $6.54 and is estimated to be $6.83 for the current year with 66,734,000 shares outstanding. Next quarter’s EPS is expected be $1.37 with next year’s EPS anticipated to be $7.56.

Investors are feeling more bullish on the company lately as inferred by the motion in short interest. The stock experienced a fall in short interest of -23.20% as of September 29, 2017 from the last reporting period. Short shares decreased from 1,743,488 to 1,339,053 over that period. Days to cover decreased -1.0 to 3.0 and the percentage of shorted shares is 0.02% as of September 29.