BMO Capital Thinks Manpower’s Stock is Going to Recover


BMO Capital analyst Jeffrey Silber reiterated a Buy rating on Manpower (NYSE: MAN) on July 10 and set a price target of $107. The company’s shares closed yesterday at $84.79, close to its 52-week low of $84.47.

According to TipRanks.com, Silber is a top 25 analyst with an average return of 23.7% and a 79.9% success rate. Silber covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, AMN Healthcare Services Inc, and American Public Education.

Manpower has an analyst consensus of Strong Buy, with a price target consensus of $124.50.

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Based on Manpower’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $97 million. In comparison, last year the company had a net profit of $117 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.

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