On Jan. 06, Buchband Richard divested U.S. $336,070 in shares of ManpowerGroup Inc.. The SVP, GC sold 3,500 shares at a price per share of $96.02. The transaction decreased this specific insider’s holdings to 2,902 shares worth around $0.28 million at present.
Northcoast took its ManpowerGroup Inc. [MAN] rating to the equivalent of a Buy from a Neutral,in a research note dated December 21, 2020. Other analysts also revised their coverage, with Northcoast’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in late December. Meanwhile, BMO Capital Markets had raised its rating on MAN to “an Outperform” from the earlier “Market perform”, in a research note produced for clients November 23, 2020. In addition, there was an upgrade from JP Morgan on October 21, 2020. The rater changed MAN from “a Neutral” to “an Overweight”.
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Is ManpowerGroup Inc. [NYSE:MAN] a Good Buy Right Now?
It should be noted that MAN technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from ManpowerGroup Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.35 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.49 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.52 million shares.
MAN Price Performance
On Wall Street, ManpowerGroup Inc. [NYSE:MAN] finished Thursday’s session down -0.06% at $95.80. The stock went up to $97.07 at the same session while its lowest single day price was $95.13. In the last five days, it saw a rise of about 6.03%, ManpowerGroup Inc. shares gained by almost 6.23% since the beginning of the year. However, the share price has dropped to as low as -5.14% below its one year high. On 01/06/21, the company shares recorded $97.68, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $88.90. The company’s shares have declined by -1.08% in the past year. The 50-day SMA achieved is $86.17 while the 200-day SMA is $74.04. Volume dropped to 0.42 million from 0.48 million in the previous session.
ManpowerGroup Inc. [MAN] Valuation Measures
Notably, ManpowerGroup Inc. [MAN] stock cannot be classified as a good candidate in the listing of underestimated low-priced Staffing & Employment Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 66.76. The measure means the stock is exchanging at a premium as compared to the 20.57x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.30 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 1.05 which means MAN serve an unattractive investment opportunity compared to its competitors.
MAN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 94.93 level, and in case of violation of this particular level, it will cause more drop to 94.06 level. On the upper level, 97.94 is still the key resistance. The stock may increase to the subsequent resistance at 96.87. The Relative Strength Index (RSI) pinned on the 14-day chart is 70.02, implying a overbought technical stance while the MACD stands at 3.20, meaning price will increase in the next trading period. Percent R indicator moved to 19.05%, implying bullish price movement. Stochastic %K at 83.76% suggest selling the stock.
What is the short interest in ManpowerGroup Inc.?
Short interest in the ManpowerGroup Inc. stock has surged, increasing by 0.39 million shares to total 1.02 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.41 million, data from Yahoo Finance shows. The decrease of -38.24% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.04% of the overall float for the stock.
ManpowerGroup Inc.’s Biggest Shareholders: Who Owns ManpowerGroup Inc. [MAN]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 5,234,577 shares or roughly 9.10% of the outstanding MAN shares. This means their shares have reduced by -285,052 from the 5,234,577 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $381,417,183. Details in the latest 13F filings reveal that Capital Research & Management Co disposed off their -11.89% stake valued at $279,480,044 while Victory Capital Management, Inc. added theirs at $253,021,206. During the last quarter, Capital Research & Management Co liquidated -435,366 of its shares in ManpowerGroup Inc. while Victory Capital Management, Inc. bought 147,990 shares. The Fidelity Management & Research Co’s holdings currently number 2,414,561 shares at $231314943.8. According to the firm’s last 13F report, Dimensional Fund Advisors LP shares in the company at filing stood at 1,989,453 shares, roughly $172,386,102.
MAN Earnings Forecast For The Current Quarter
ManpowerGroup Inc. [MAN] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $4.74B and an earnings per share of $1.12 for Dec 2020. Looking further ahead, the company is expected to report revenue of $4.47B at an EPS of $0.82 for Mar 2021. The estimates represent downside of 8.20% and 63.09% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
MAN Earnings Estimates For The Current Year
For the financial year, ManpowerGroup Inc. [NYSE:MAN] is expected to bring in revenue of $17.68B. The returns are nearly $-3.18 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 3.32, lower than that of FY19 by -$4.21. Estimates put this year’s earnings growth at -55.90%, 63.00% for the next, and at an annual 3.00% over the next 5-year period. As for sales, forecasts are for a decrease of -15.30% in the current fiscal year and a further 8.20% over the following year.
What are analyst thoughts on ManpowerGroup Inc.?
Looking forward to the ManpowerGroup Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for ManpowerGroup Inc. stock at $91.50 within the next 12 months, which represents almost -4.7 per cent growth from its previous closing price of $95.80. The highest analysts’ target for ManpowerGroup Inc. stock projections is $135.00 and the lowest one is $58.00. Still, 14 analysts sharing their consensus rating for MAN stock in 2021 agree that it is a Hold.