ManpowerGroup (NYSE:MAN) Given New $50.00 Price Target at JPMorgan Chase & Co.

ManpowerGroup (NYSE:MAN) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $65.00 to $50.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 23.37% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets decreased their price target on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a report on Monday. Truist Financial lowered their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research report on Monday. UBS Group dropped their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.50.

ManpowerGroup Price Performance

NYSE:MAN traded up $0.46 during mid-day trading on Monday, reaching $40.53. 852,098 shares of the company were exchanged, compared to its average volume of 830,781. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.89 billion, a PE ratio of 13.56 and a beta of 1.28. ManpowerGroup has a 12 month low of $39.22 and a 12 month high of $78.87. The company has a fifty day moving average of $55.49 and a 200 day moving average of $59.49.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The company had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the prior year, the business earned $0.94 EPS. On average, research analysts anticipate that ManpowerGroup will post 4.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. Colonial Trust Co SC bought a new position in shares of ManpowerGroup during the 4th quarter valued at about $28,000. WFA Asset Management Corp acquired a new stake in ManpowerGroup during the 4th quarter worth approximately $35,000. Fifth Third Bancorp lifted its stake in ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock valued at $43,000 after buying an additional 243 shares in the last quarter. GAMMA Investing LLC lifted its stake in ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock valued at $43,000 after buying an additional 488 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after buying an additional 562 shares during the period. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.