JPMorgan Chase & Co. Issues Pessimistic Forecast for ManpowerGroup (NYSE:MAN) Stock Price

ManpowerGroup (NYSE:MAN - Free Report) had its price objective reduced by JPMorgan Chase & Co. from $65.00 to $50.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the business services provider's stock.

A number of other analysts have also weighed in on MAN. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. BMO Capital Markets decreased their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday. UBS Group dropped their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Truist Financial decreased their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock traded down $0.43 during trading hours on Monday, reaching $41.45. The company had a trading volume of 79,784 shares, compared to its average volume of 611,434. The firm has a market cap of $1.94 billion, a PE ratio of 13.87 and a beta of 1.28. ManpowerGroup has a one year low of $39.22 and a one year high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The business has a fifty day simple moving average of $54.42 and a 200 day simple moving average of $58.84.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. 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. On average, analysts anticipate that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds have recently added to or reduced their stakes in MAN. AQR Capital Management LLC raised its holdings in shares of ManpowerGroup by 45.8% during the 4th quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock valued at $130,125,000 after buying an additional 711,043 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in ManpowerGroup during the fourth quarter valued at approximately $34,200,000. Norges Bank purchased a new position in shares of ManpowerGroup during the fourth quarter worth approximately $27,706,000. Millennium Management LLC lifted its holdings in shares of ManpowerGroup by 137.0% in the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock worth $46,845,000 after acquiring an additional 469,184 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of ManpowerGroup by 194.3% in the 4th quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock valued at $26,308,000 after purchasing an additional 300,917 shares in the last quarter. 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.