ManpowerGroup Inc. (NYSE:MAN) Given Average Recommendation of “Hold” by Brokerages

ManpowerGroup Inc. (NYSE:MANGet Rating) has been given an average rating of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $82.67.

A number of equities analysts have recently issued reports on MAN shares. StockNews.com downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Truist Financial downgraded ManpowerGroup from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Friday, July 15th. Robert W. Baird cut their target price on ManpowerGroup from $120.00 to $94.00 in a research note on Friday, July 15th. BMO Capital Markets downgraded ManpowerGroup from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $120.00 to $84.00 in a research note on Thursday, May 26th. Finally, Credit Suisse Group cut their target price on ManpowerGroup to $80.00 in a research note on Friday, July 22nd.

ManpowerGroup Stock Down 3.4 %

ManpowerGroup stock opened at $69.99 on Friday. ManpowerGroup has a twelve month low of $69.31 and a twelve month high of $115.54. The stock has a 50 day moving average of $76.48 and a two-hundred day moving average of $84.21. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.82 and a beta of 1.70.

ManpowerGroup (NYSE:MANGet Rating) last posted its quarterly earnings data on Tuesday, July 19th. The business services provider reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.02. ManpowerGroup had a return on equity of 18.15% and a net margin of 2.04%. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $5.28 billion. As a group, research analysts expect that ManpowerGroup will post 8.72 earnings per share for the current year.

Hedge Funds Weigh In On ManpowerGroup

Several hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC increased its stake in ManpowerGroup by 31.3% in the 2nd quarter. Verition Fund Management LLC now owns 10,616 shares of the business services provider’s stock valued at $811,000 after purchasing an additional 2,532 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in ManpowerGroup during the second quarter worth $766,000. Goldman Sachs Group Inc. increased its position in ManpowerGroup by 19.8% during the second quarter. Goldman Sachs Group Inc. now owns 506,612 shares of the business services provider’s stock worth $38,710,000 after buying an additional 83,737 shares in the last quarter. Captrust Financial Advisors increased its position in ManpowerGroup by 29.5% during the second quarter. Captrust Financial Advisors now owns 1,111 shares of the business services provider’s stock worth $85,000 after buying an additional 253 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in ManpowerGroup during the second quarter worth $429,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Company Profile

(Get Rating)

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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