Brokerages Set ManpowerGroup Inc. (NYSE:MAN) Price Target at $69.33

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $69.33.

A number of analysts recently weighed in on MAN shares. Truist Financial reaffirmed a "hold" rating and issued a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Barclays decreased their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a research report on Friday, January 3rd. Finally, UBS Group decreased their price target 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.

ManpowerGroup Stock Up 1.4 %

NYSE:MAN traded up $0.88 during mid-day trading on Thursday, reaching $62.90. The company's stock had a trading volume of 1,601,232 shares, compared to its average volume of 813,044. ManpowerGroup has a 1 year low of $53.31 and a 1 year high of $78.87. The stock has a fifty day moving average of $57.49 and a 200-day moving average of $63.50. The firm has a market capitalization of $2.94 billion, a PE ratio of 21.04 and a beta of 1.43. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

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Hedge Funds Weigh In On ManpowerGroup

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Commerce Bank increased its holdings in ManpowerGroup by 4.1% in the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider's stock worth $314,000 after buying an additional 167 shares during the period. Harbor Capital Advisors Inc. increased its holdings in ManpowerGroup by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock worth $2,745,000 after buying an additional 234 shares during the period. State of Alaska Department of Revenue increased its holdings in ManpowerGroup by 4.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider's stock worth $405,000 after buying an additional 235 shares during the period. Vident Advisory LLC increased 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. Finally, Captrust Financial Advisors grew its stake in shares of ManpowerGroup by 11.8% during 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. 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.