ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of "Hold" by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have received an average recommendation of "Hold" from the six research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $69.33.

MAN has been the subject of several recent analyst reports. Truist Financial restated a "hold" rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. UBS Group dropped their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Barclays reduced their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd.

ManpowerGroup Price Performance

NYSE MAN traded down $3.82 on Monday, hitting $54.96. 133,129 shares of the company's stock were exchanged, compared to its average volume of 771,670. The stock has a 50-day moving average of $58.15 and a 200-day moving average of $61.79. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 18.38 and a beta of 1.43. ManpowerGroup has a 52 week low of $53.31 and a 52 week high of $78.87. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

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Hedge Funds Weigh In On ManpowerGroup

Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in shares of ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock valued at $2,745,000 after buying an additional 234 shares during the last quarter. Vident Advisory LLC boosted its holdings in ManpowerGroup by 2.8% in the 4th quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider's stock worth $618,000 after buying an additional 290 shares during the period. Captrust Financial Advisors boosted its stake in ManpowerGroup by 11.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock worth $240,000 after purchasing an additional 344 shares during the period. Twin Capital Management Inc. lifted its holdings in shares of ManpowerGroup by 1.7% in the fourth quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider's stock worth $1,495,000 after buying an additional 439 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in ManpowerGroup by 8.8% during the fourth quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider's stock valued at $328,000 after acquiring an additional 458 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

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.