ManpowerGroup Inc. (NYSE:MAN) Receives $83.00 Average PT from Brokerages

ManpowerGroup Inc. (NYSE:MAN) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $83.00.

Several research analysts have recently issued reports on the company. William Blair assumed coverage on ManpowerGroup in a research note on Monday, January 8th. They issued a “market perform” rating for the company. Truist Financial lifted their price target on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. BMO Capital Markets reduced their price target on ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. BNP Paribas reiterated an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. Finally, StockNews.com cut ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st.

Institutional Investors Weigh In On ManpowerGroup

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAN. CWM LLC raised its holdings in shares of ManpowerGroup by 345.1% in the 3rd quarter. CWM LLC now owns 365 shares of the business services provider’s stock valued at $27,000 after buying an additional 283 shares during the period. Venturi Wealth Management LLC increased its holdings in ManpowerGroup by 54.8% during the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after purchasing an additional 160 shares during the period. Exchange Traded Concepts LLC increased its holdings in ManpowerGroup by 19.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock worth $74,000 after purchasing an additional 162 shares during the period. Captrust Financial Advisors increased its holdings in ManpowerGroup by 72.6% during the 1st quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock worth $81,000 after purchasing an additional 361 shares during the period. Finally, Hexagon Capital Partners LLC increased its holdings in ManpowerGroup by 145.7% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock worth $86,000 after purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $70.07 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $3.39 billion, a PE ratio of 41.96, a P/E/G ratio of 0.60 and a beta of 1.54. The business has a 50-day simple moving average of $73.26 and a two-hundred day simple moving average of $74.35. ManpowerGroup has a fifty-two week low of $67.35 and a fifty-two week high of $88.91.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.26. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the business posted $2.08 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities analysts expect that ManpowerGroup will post 5.05 EPS for the current fiscal year.

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.