Monday, June 1, 2020

ManpowerGroup Inc. (MAN) Shares up 1.20%: Is it Good Time to Buy?

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The ManpowerGroup Inc. (NYSE:MAN) went up by 1.20% in Thursday’s trading session, a rise equivalent to $0.85 from pervious market close price. The lowest point that the shares touched during the trading session was $71.19, while the peak of the day was recorded at a share price of $73.40. MAN finished the previous session at $70.69 according to the data provided by Barchart, while the trading volume was observed to be $0.72 million.

In the 100 days of trading, MAN managed to top a 77.25% Moving average. Additionally, ManpowerGroup Inc. shares have achieved a 52-week range between 49.57 and 100.99 alongside 100 days raw stochastic set at 42.73%.

The number of shares outstanding, according to the fundamentals of the company, is set at 58.70M, equal to the value of $4.16B in market capitalization. In the last 30 days, ManpowerGroup Inc. shares went down by -6.95%, adding 76.88 to growth in value, on top of a +17.05% boost since 04/21/20.

ManpowerGroup Inc. (NYSE:MAN) Analyst’s Estimates

ManpowerGroup Inc. (MAN) could record at least $0.17 per share in quarterly earnings in the upcoming report on 07/17/2020, a number that would actually represent an increase of 5.06 YOY.

According to the average analyst rating, ManpowerGroup Inc. would be rated as Hold. Out of 14 different analysts monitoring MAN stock, 1 analysts rate the stock as a BUY, 10 suggest to give the rating of HOLD, 2 indicate that MAN is an OVERWEIGHT, 1 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.

On May 21, 2020, the stock earned a Upgrade rating due to a new analyst call from Credit Suisse, while analysts from Barclays believe that the stock is set at Underweight from Overweight, as concluded on March 19, 2020. Barclays, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on January 14, 2020.

CL King, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on November 13, 2019, giving the stock a Buy rating.

MAN Key Ratios To Watch:

Taking in account the profitability of the Company, gross profit margin of +16.18% has been attained, while the operating margin has been recorded at +3.45%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 5.25%. Beta value of the stock is recorded at 2.06. Additionally, ManpowerGroup Inc. is recording price volatility of 3.59% for the period of the last seven days and 4.11% in the last 30 days.

ManpowerGroup Inc. (NYSE:MAN) Technical Outlook

For the period of the last 50 days, ManpowerGroup Inc. had its Raw Stochastic average set at 80.27% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 66.12%. Stochastic %K for ManpowerGroup Inc., with the last 20 days included, was set at 58.52%, having Stochastic %D topping 55.19%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for ManpowerGroup Inc. stocks with recording -26.32% in metrics.

ManpowerGroup Inc. Insider Watch:

Similarly, 98.56% of the company’s float is held by institutions – and there are 609 institutions in total holding shares of this company. The top three institutional holders of MAN stocks are: Blackrock Inc. with ownership of $346.44 million, which is approximately 6537898 of the company’s shares; Vanguard Group, Inc. (The), holding 5685124 shares of the stock with an approximate value of $301.25 million; and AQR Capital Management, LLC, currently with more than 3721993 shares of the company valued at $197.23 million. Positions in ManpowerGroup Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 21 insider purchases amounting to 203716 shares. Similarly, there were 6 sale transactions amounting to 80472 shares, with the net shares purchased during the last six months reaching 123,244.

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