ManpowerGroup Inc. (NYSE:MAN) Receives Average Rating of “Hold” from Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $57.50.

MAN has been the subject of a number of recent research reports. Truist Financial decreased their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research note on Monday, April 21st. BMO Capital Markets lowered their price objective on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their target price on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. UBS Group dropped their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Finally, Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $55.00 to $50.00 in a report on Thursday, April 10th.

Institutional Investors Weigh In On ManpowerGroup

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAN. Dimensional Fund Advisors LP grew its position in shares of ManpowerGroup by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider’s stock worth $143,942,000 after acquiring an additional 59,763 shares during the last quarter. AQR Capital Management LLC grew its position in ManpowerGroup by 45.8% during the 4th quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock worth $130,125,000 after purchasing an additional 711,043 shares during the last quarter. Invesco Ltd. grew its position in ManpowerGroup by 4.2% during the 4th quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider’s stock worth $110,623,000 after purchasing an additional 77,234 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of ManpowerGroup by 73.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider’s stock valued at $59,443,000 after buying an additional 434,480 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of ManpowerGroup by 137.0% during the fourth quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock worth $46,845,000 after buying an additional 469,184 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Up 0.5 %

Shares of MAN stock opened at $42.51 on Friday. The stock has a market capitalization of $1.99 billion, a P/E ratio of 14.22 and a beta of 1.28. ManpowerGroup has a fifty-two week low of $39.22 and a fifty-two week high of $78.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The company has a 50 day moving average price of $53.67 and a 200 day moving average price of $58.17.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data 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). The company had revenue of $698.30 million for the quarter, compared to analysts’ expectations of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same period in the prior year, the company posted $0.94 EPS. Equities research analysts predict that ManpowerGroup will post 4.23 EPS for the current fiscal year.

About ManpowerGroup

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.