ManpowerGroup Inc. (NYSE:MAN) Receives Average Rating of “Hold” from Brokerages

ManpowerGroup Inc. (NYSE:MAN – Get Rating) has earned an average rating of “Hold” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $80.11.

MAN has been the subject of a number of recent analyst reports. Barclays decreased their target price on ManpowerGroup from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Monday, October 10th. BNP Paribas assumed coverage on ManpowerGroup in a report on Thursday, January 5th. They issued an “outperform” rating and a $95.00 price objective for the company. StockNews.com assumed coverage on ManpowerGroup in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet upgraded ManpowerGroup from a “c+” rating to a “b-” rating in a report on Monday, November 21st. Finally, Robert W. Baird increased their price objective on ManpowerGroup from $88.00 to $94.00 in a report on Friday, October 21st.

Institutional Investors Weigh In On ManpowerGroup

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of ManpowerGroup by 0.7% during the third quarter. Vanguard Group Inc. now owns 6,751,129 shares of the business services provider’s stock valued at $436,730,000 after buying an additional 49,461 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of ManpowerGroup by 3.7% during the third quarter. Victory Capital Management Inc. now owns 2,640,065 shares of the business services provider’s stock valued at $170,786,000 after buying an additional 92,997 shares during the last quarter. State Street Corp boosted its position in shares of ManpowerGroup by 3.6% during the first quarter. State Street Corp now owns 1,938,984 shares of the business services provider’s stock valued at $182,109,000 after buying an additional 67,221 shares during the last quarter. Invesco Ltd. boosted its position in shares of ManpowerGroup by 67.2% during the first quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock valued at $172,812,000 after buying an additional 739,380 shares during the last quarter. Finally, FMR LLC boosted its position in shares of ManpowerGroup by 2.8% during the second quarter. FMR LLC now owns 1,727,674 shares of the business services provider’s stock valued at $132,012,000 after buying an additional 46,656 shares during the last quarter. 97.27% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $88.72 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.37. The company has a market cap of $4.49 billion, a PE ratio of 10.93, a P/E/G ratio of 1.37 and a beta of 1.69. The business has a 50 day moving average of $85.71 and a 200 day moving average of $78.70. ManpowerGroup has a 52 week low of $64.00 and a 52 week high of $115.54.

ManpowerGroup (NYSE:MAN – Get Rating) last announced its earnings results on Thursday, October 20th. The business services provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.03. The company had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.90 billion. ManpowerGroup had a return on equity of 18.63% and a net margin of 2.14%. As a group, equities research analysts forecast that ManpowerGroup will post 8.56 earnings per share for the current year.

ManpowerGroup Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, November 30th. This represents a dividend yield of 3.2%. ManpowerGroup’s payout ratio is presently 33.50%.

About ManpowerGroup

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ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Right Management. The Americas segment offers services as Manpower, Experis, and ManpowerGroup Solutions through both branch and franchise offices.