Report
Joshua Aguilar
EUR 100.00 Purchase single report

Robert Half and Manpower Will Benefit From Tight Labor Markets, but Shares Are Fairly Valued

After reviewing our revenue and margin assumptions for Robert Half and Manpower, we are maintaining our narrow-moat and stable moat trend rating for Robert Half as well as our no-moat and stable moat trend rating for Manpower. However, we are lowering our fair value estimate for Robert Half to $56 from $71 and for Manpower to $87 from $103. Currently, both staffers look fairly valued following our updated valuations, and of the two, we prefer Robert Half because of the pricing power it commands ...
Underlying
ManpowerGroup

ManpowerGroup provides a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. Its brands and offerings includes Manpower, Experis, Right Management and ManpowerGroup Solutions. The company's portfolio of recruitment services include permanent, temporary and contract recruitment of professionals, as well as administrative and industrial positions, which are provided under its Manpower and Experis brands. Experis focuses on the areas of information technology, engineering, and finance, while Right Management is focused on talent and career management workforce solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joshua Aguilar

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