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Manpowergroup JP Reiterates Overweight, Price Target $100

Posted by on December 6, 2016 9:26 AM
Categories: Stocks To Watch

December 6, 2016: Analysts are upgrading temporary work hiring with the idea that a Trump Administration will focus on domestic job growth. JPMorgan just reiterated their Overweight rating on ManpowerGroup and set a price target of $100. What I like about ManpowerGroup is their remarkable valuation with a P/E of 14 and a forward P/E of 13.3 even though the stock is already up +22% in Q3.

December 5, 2016: ManpowerGroup’s price target was raised to $109 from $91 at Piper Jaffray. Piper also reiterated their Overweight rating.

October 21, 2016: ManpowerGroup beats on earnings, reporting Q3 $1.87 versus the $1.72 estimate. Revenue also beat coming in at $5.09 billion versus the $4.93 billion estimate.

The CEO says, “As we look to the fourth quarter we are well placed to seize further opportunities across all our brands.”

ManpowerGroup® is the world’s workforce expert, creating innovative workforce solutions for more than 65 years. ManpowerGroup has grown from one office in Milwaukee, Wisconsin in 1948 to a $19 billion business that works with 400,000 clients and 3.4 million associates each year.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on unless specifically stated in the article. Owner of Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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