Nomura Thinks Manpower’s Stock is Going to Recover


In a report issued on July 20, Dan Dolev from Nomura maintained a Buy rating on Manpower (NYSE: MAN), with a price target of $130. The company’s shares closed on Friday at $86.55, close to its 52-week low of $81.85.

According to TipRanks.com, Dolev is a 5-star analyst with an average return of 16.7% and a 69.4% success rate. Dolev covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, ARAMARK Holdings, and S&P Global Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Manpower with a $105.33 average price target, which is a 21.7% upside from current levels. In a report issued on July 10, BMO Capital also reiterated a Buy rating on the stock with a $107 price target.

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Based on Manpower’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $143 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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