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Sunday, April 18, 2021

The Price Target Of MAN Has Been Increased To $135

The price objective of MAN has been increased by stock analysts working at Robert W. Baird from a sum of $90 to a sum of $135. According to reports, the official notice was sent to investors and clients last Monday. Currently, the firm has a rating of outperform on the stocks, and the price objective set by the brokerage indicates an increase of 49.70% on the stocks of the firm. 

The Quarterly Earnings Of MAN

There have been quite a few companies that have commented on the stocks of MAN. BMO Capital Markets has already elevated the rating of the company from a rating of market perform, to a rating of outperform- while keeping the price target from $76 to $100, all in a research note that was published on the 23rd of November. JPMorgan Chase & Co have also increased the rating of the company from neutral to overweight, while increasing the price objective from $76 to $88 in a research note that was sent out on the 21st of October. Truist has also increased the shares of the company from a rating of hold to a rating of buy while lifting the price objective on the stocks from $64 to $90 in a 21st September research report. In the end, Northcoast Research has also increased the shares of the company from a rating of neutral to a rating of buy, in a 21st December research report. 

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Two of the analysts working on the stocks have already given the company a rating of sell. Three analysts have given the rating of hold, while six of them have given the stocks of MAN a rating of buy. Currently, the consensus rating of the firm is hold, with a price objective fixed at $83.91.

MAN traded at $90.18 last Monday. The market cap of the firm is $5.19 billion, with a PE ratio of around 62.63, and a beta set at around 2.08. The year low of the company is $49.57, with the year high being as high as $100.99. The moving average of the company over a period of 50-days is $89.65, while the two hundred day moving average has been fixed at $76.43. The debt-to-equity ratio is set at 0.41, with the quick ratio set at 1.48.

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