ManpowerGroup Inc. (NYSE:MAN) Receives $69.33 Consensus Target Price from Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have received a consensus recommendation of "Hold" from the six analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $69.33.

Several equities research analysts have commented on MAN shares. JPMorgan Chase & Co. lowered their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Truist Financial restated a "hold" rating and issued a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. BMO Capital Markets reduced their target price on ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a report on Friday, October 18th. UBS Group lowered their price target on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Barclays cut their price objective on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a report on Friday, January 3rd.

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ManpowerGroup Trading Down 2.0 %

Shares of MAN stock traded down $1.10 on Friday, reaching $55.29. The company had a trading volume of 646,517 shares, compared to its average volume of 753,918. The stock has a market cap of $2.60 billion, a PE ratio of 18.49 and a beta of 1.45. The company has a 50-day moving average of $58.64 and a 200-day moving average of $65.28. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. ManpowerGroup has a 12 month low of $53.70 and a 12 month high of $78.87.

Institutional Trading of ManpowerGroup

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. WFA Asset Management Corp bought a new position in ManpowerGroup in the fourth quarter valued at $35,000. Blue Trust Inc. grew its holdings in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider's stock valued at $37,000 after acquiring an additional 375 shares in the last quarter. SRS Capital Advisors Inc. increased its position 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 acquiring an additional 562 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in ManpowerGroup during the third quarter worth about $54,000. Finally, R Squared Ltd acquired a new position in ManpowerGroup during the fourth quarter valued at approximately $95,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.