ManpowerGroup (NYSE:MAN) Sets New 12-Month Low - Here's Why

ManpowerGroup Inc. (NYSE:MAN - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as $53.67 and last traded at $53.73, with a volume of 610568 shares. The stock had previously closed at $54.95.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MAN shares. JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. UBS Group dropped their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Barclays cut their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research report on Friday, January 3rd. Finally, Truist Financial restated a "hold" rating and set a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $69.33.

ManpowerGroup Trading Up 0.5 %

The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 18.26 and a beta of 1.45. The business has a fifty day moving average price of $57.36 and a 200 day moving average price of $64.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Merit Financial Group LLC acquired a new position in shares of ManpowerGroup in the 4th quarter valued at $241,000. BNP Paribas Financial Markets boosted its holdings in shares of ManpowerGroup by 168.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider's stock worth $2,199,000 after acquiring an additional 18,764 shares in the last quarter. Sanctuary Advisors LLC grew its position in 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 acquiring an additional 2,208 shares during the last quarter. FORA Capital LLC bought a new stake in ManpowerGroup during the 3rd quarter worth approximately $636,000. Finally, National Bank of Canada FI acquired a new stake in ManpowerGroup during the 3rd quarter valued at $1,250,000. 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.