ManpowerGroup (NYSE:MAN) Price Target Increased to $84.00 by Analysts at BMO Capital Markets

ManpowerGroup (NYSE:MAN) had its target price raised by research analysts at BMO Capital Markets from $81.00 to $84.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 9.89% from the stock’s previous close.

A number of other research analysts have also commented on MAN. BNP Paribas reiterated an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. UBS Group reduced their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. boosted their price objective on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Truist Financial upped their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Finally, William Blair started coverage on ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, ManpowerGroup has an average rating of “Hold” and an average price target of $83.00.

ManpowerGroup Stock Performance

NYSE:MAN opened at $76.44 on Monday. The firm has a market capitalization of $3.70 billion, a PE ratio of 78.80, a PEG ratio of 0.64 and a beta of 1.54. ManpowerGroup has a 1 year low of $67.35 and a 1 year high of $88.91. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $73.36 and its 200 day simple moving average is $74.41.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. On average, sell-side analysts anticipate that ManpowerGroup will post 4.99 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. SummerHaven Investment Management LLC raised its holdings in shares of ManpowerGroup by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 8,701 shares of the business services provider’s stock worth $691,000 after buying an additional 138 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of ManpowerGroup by 54.8% in the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 160 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of ManpowerGroup by 19.1% in 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 last quarter. Raymond James & Associates increased its position in shares of ManpowerGroup by 5.2% during the 4th quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock worth $280,000 after purchasing an additional 173 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in ManpowerGroup by 8.0% during the 3rd quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

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.