Brokerages Set ManpowerGroup Inc. (NYSE:MAN) PT at $83.00

Shares of ManpowerGroup Inc. (NYSE:MAN) have received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $83.13.

MAN has been the subject of several research analyst reports. BNP Paribas restated an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. JPMorgan Chase & Co. lifted their target price on ManpowerGroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday. StockNews.com lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Truist Financial raised their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Finally, William Blair initiated coverage on shares of ManpowerGroup in a report on Monday, January 8th. They issued a “market perform” rating for the company.

Institutional Inflows and Outflows

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

ManpowerGroup Trading Up 1.1 %

NYSE MAN opened at $74.84 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $3.62 billion, a P/E ratio of 44.81, a PEG ratio of 0.60 and a beta of 1.54. The firm’s 50-day moving average is $73.32 and its two-hundred day moving average is $74.37. ManpowerGroup has a 12 month low of $67.35 and a 12 month high of $88.91.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. On average, sell-side analysts anticipate that ManpowerGroup will post 5.01 earnings per share for the current year.

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.