ManpowerGroup (NYSE:MAN) Price Target Cut to $65.00 by Analysts at JPMorgan Chase & Co.

ManpowerGroup (NYSE:MAN) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $67.00 to $65.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 7.96% from the stock’s previous close.

Several other equities research analysts have also commented on MAN. BMO Capital Markets reduced their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Barclays reduced their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. Truist Financial restated a “hold” rating and issued a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a report on Friday. Finally, UBS Group decreased their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.33.

ManpowerGroup Trading Down 0.8 %

ManpowerGroup stock traded down $0.51 during trading hours on Friday, hitting $60.21. The company had a trading volume of 414,793 shares, compared to its average volume of 685,135. ManpowerGroup has a 1 year low of $53.70 and a 1 year high of $78.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $2.83 billion, a P/E ratio of 76.13 and a beta of 1.46. The company has a 50-day moving average price of $59.60 and a two-hundred day moving average price of $66.22.

Institutional Trading of ManpowerGroup

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. Pacer Advisors Inc. grew its position in ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after buying an additional 894,379 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of ManpowerGroup in the fourth quarter valued at about $34,200,000. Point72 Asset Management L.P. grew its position in shares of ManpowerGroup by 480.1% in the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after purchasing an additional 268,866 shares during the period. Millennium Management LLC grew its position in shares of ManpowerGroup by 163.7% in the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after purchasing an additional 253,287 shares during the period. Finally, KLCM Advisors Inc. grew its position in shares of ManpowerGroup by 153.9% in the fourth quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock valued at $17,119,000 after purchasing an additional 179,788 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

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.