ManpowerGroup (NYSE:MAN) Reaches New 12-Month Low - Here's What Happened

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $51.29 and last traded at $51.78, with a volume of 97537 shares. The stock had previously closed at $54.62.

Analysts Set New Price Targets

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

ManpowerGroup Trading Up 8.6 %

The firm has a market cap of $2.47 billion, a P/E ratio of 17.70 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The firm has a 50 day simple moving average of $57.17 and a 200 day simple moving average of $61.00.

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Institutional Trading of ManpowerGroup

Several institutional investors and hedge funds have recently bought and sold shares of the company. Colonial Trust Co SC purchased a new stake in shares of ManpowerGroup in the 4th quarter valued at about $28,000. WFA Asset Management Corp bought a new stake in shares of ManpowerGroup in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. boosted its holdings in ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after acquiring an additional 562 shares during the period. Blue Trust Inc. grew its position in ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after acquiring an additional 778 shares during the last quarter. Finally, R Squared Ltd purchased a new position in ManpowerGroup in the 4th quarter worth approximately $95,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.