Deutsche Bank Initiates Coverage on ManpowerGroup to Hold

Deutsche Bank Initiates Coverage on ManpowerGroup(NYSE:MAN). The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 18, 2016.

In a different note, On Jun 27, 2016, Credit Suisse said it Downgrades its rating on ManpowerGroup. In the research note, the firm Lowers the price-target to $88.00 per share. The shares have been rated ‘Neutral’ by the firm.

ManpowerGroup (MAN) shares turned negative on Mondays trading session with the shares closing down -0.36 points or -0.50% at a volume of 5,46,451. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $72.35. The peak price level was also seen at $72.35 while the days lowest was $71.52. Finally the shares closed at $71.58. The 52-week high of the shares is $93.34 while the 52-week low is $57.26. According to the latest information available, the market cap of the company is $4,905 M.

ManpowerGroup(MAN) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.02B. Analysts had an estimated revenue of $5.07B. Earnings per share were $1.60. Analysts had estimated an EPS of $1.52.

Several Insider Transactions has been reported to the SEC. On Aug 12, 2016, Handel Michael J Van (SEVP) sold 57,348 shares at $70.13 per share price.Also, On Apr 26, 2016, Sriram Chandrashekar (EVP) sold 3,045 shares at $81.25 per share price.On Apr 26, 2016, Darryl Green (COO & President) sold 10,000 shares at $80.66 per share price, according to the Form-4 filing with the securities and exchange commission.

ManpowerGroup Inc. is a provider of workforce solutions and services. The Company’s segments are Americas Southern Europe Northern Europe Asia Pacific Middle East (APME) and Right Management. The Americas segment includes operations in the United States and other Americas. The Southern Europe segment includes the operations in France Italy and other Southern Europe. The Northern Europe segment includes operations in the United Kingdom the Nordics Germany and the Netherlands. It provides placement of contingent workers in the Americas Southern Europe Northern Europe and APME segments. It offers other workforce solutions and services including recruitment and assessment; training and development and ManpowerGroup solutions. The Right Management segment offers career management and workforce consulting services. The Company offers various brands including Manpower Experis Right Management and ManpowerGroup Solutions.

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