ManpowerGroup Inc. (NYSE:MAN) Receives Average Recommendation of "Hold" from Analysts

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) has been given a consensus recommendation of "Hold" by the six analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $76.60.

A number of equities research analysts recently weighed in on MAN shares. UBS Group decreased their price objective on ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating for the company in a research note on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, July 19th. BMO Capital Markets cut their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a report on Friday, October 18th. Finally, Truist Financial lowered their price objective on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating for the company in a research report on Friday, October 18th.

ManpowerGroup Stock Up 0.8 %

NYSE:MAN traded up $0.49 during trading hours on Friday, reaching $63.34. The company's stock had a trading volume of 633,362 shares, compared to its average volume of 431,012. The stock has a 50 day moving average price of $70.34 and a two-hundred day moving average price of $72.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.15. The company has a market capitalization of $3.01 billion, a P/E ratio of 80.18 and a beta of 1.45. ManpowerGroup has a 12 month low of $61.53 and a 12 month high of $80.25.

Insider Transactions at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, October 23rd. The stock was bought at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the purchase, the chief financial officer now directly owns 70,639 shares of the company's stock, valued at approximately $4,399,396.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hancock Whitney Corp lifted its position in ManpowerGroup by 2.2% during the first quarter. Hancock Whitney Corp now owns 6,666 shares of the business services provider's stock valued at $518,000 after purchasing an additional 144 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in shares of ManpowerGroup by 34.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider's stock valued at $55,000 after buying an additional 203 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of ManpowerGroup by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 9,029 shares of the business services provider's stock worth $630,000 after buying an additional 207 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of ManpowerGroup by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider's stock worth $405,000 after buying an additional 235 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in ManpowerGroup by 2.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 12,699 shares of the business services provider's stock worth $886,000 after acquiring an additional 279 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.