ManpowerGroup Inc. (NYSE:MAN) Given Consensus Recommendation of "Hold" by Analysts

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) has been assigned a consensus rating of "Hold" from the six ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $57.50.

Several brokerages have recently commented on MAN. JPMorgan Chase & Co. lowered their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Truist Financial reduced their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. BMO Capital Markets dropped their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Finally, UBS Group dropped their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th.

ManpowerGroup Stock Down 0.2 %

Shares of MAN traded down $0.10 on Friday, reaching $42.33. The company's stock had a trading volume of 864,249 shares, compared to its average volume of 618,195. The stock has a market capitalization of $1.98 billion, a PE ratio of 14.16 and a beta of 1.28. 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 twelve month low of $39.22 and a twelve month high of $78.87. The firm has a fifty day moving average of $54.17 and a 200-day moving average of $58.48.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results 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). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The company had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the business earned $0.94 EPS. Equities analysts predict that ManpowerGroup will post 4.23 EPS for the current year.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors have recently bought and sold shares of MAN. Harbor Capital Advisors Inc. raised its position in shares of ManpowerGroup by 0.5% in 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 purchasing an additional 234 shares during the period. SummerHaven Investment Management LLC raised its holdings in ManpowerGroup by 2.1% during the 1st quarter. SummerHaven Investment Management LLC now owns 11,657 shares of the business services provider's stock valued at $675,000 after acquiring an additional 238 shares during the period. Fifth Third Bancorp lifted its position in shares of ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after acquiring an additional 243 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of ManpowerGroup by 0.3% in the first quarter. Principal Financial Group Inc. now owns 107,969 shares of the business services provider's stock worth $6,249,000 after acquiring an additional 278 shares during the period. Finally, Vident Advisory LLC grew its position in shares of ManpowerGroup by 2.8% in the fourth quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider's stock valued at $618,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors 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.