ManpowerGroup (NYSE:MAN) Given New $48.00 Price Target at BMO Capital Markets

ManpowerGroup (NYSE:MAN - Free Report) had its price objective lowered by BMO Capital Markets from $54.00 to $48.00 in a research note published on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the business services provider's stock.

A number of other analysts have also recently weighed in on MAN. UBS Group reduced their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price target for the company from $55.00 to $50.00 in a report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Truist Financial lowered their target price on shares of ManpowerGroup from $70.00 to $55.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Stock Down 1.7 %

MAN stock traded down $0.72 during mid-day trading on Monday, hitting $41.17. The stock had a trading volume of 53,499 shares, compared to its average volume of 611,334. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 13.79 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 1-year low of $39.22 and a 1-year high of $78.87. The company has a fifty day moving average of $54.42 and a 200 day moving average of $58.84.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The business had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the business posted $0.94 EPS. On average, equities analysts expect that ManpowerGroup will post 4.23 EPS for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in shares of ManpowerGroup by 62.9% in the third quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock valued at $11,387,000 after buying an additional 59,821 shares during the period. Virtu Financial LLC bought a new stake in shares of ManpowerGroup in the 3rd quarter worth approximately $664,000. Sanctuary Advisors LLC grew its holdings in shares of ManpowerGroup by 39.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider's stock worth $570,000 after purchasing an additional 2,208 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of ManpowerGroup during the third quarter valued at approximately $207,000. Finally, Synovus Financial Corp increased its position in shares of ManpowerGroup by 7.8% during the third quarter. Synovus Financial Corp now owns 7,922 shares of the business services provider's stock valued at $582,000 after purchasing an additional 570 shares during the period. 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.