ManpowerGroup (NYSE:MAN) Price Target Lowered to $80.00 at UBS Group

ManpowerGroup (NYSE:MAN) had its price objective trimmed by UBS Group from $81.00 to $80.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets decreased their price objective on ManpowerGroup from $86.00 to $85.00 and set a market perform rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. upped 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 ManpowerGroup from a buy rating to a hold rating in a research report on Wednesday, January 31st. William Blair started coverage on ManpowerGroup in a research report on Monday, January 8th. They set a market perform rating on the stock. Finally, Truist Financial upped their target price on ManpowerGroup from $75.00 to $78.00 and gave the company a hold rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $83.13.

ManpowerGroup Price Performance

Shares of MAN stock opened at $74.84 on Friday. ManpowerGroup has a twelve month low of $67.35 and a twelve month high of $88.91. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 77.16, a P/E/G ratio of 0.63 and a beta of 1.54. The stock has a fifty day simple moving average of $73.32 and a two-hundred day simple moving average of $74.37. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 EPS. On average, analysts predict that ManpowerGroup will post 5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. SummerHaven Investment Management LLC grew its holdings in ManpowerGroup by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 8,701 shares of the business services provider’s stock worth $691,000 after acquiring an additional 138 shares during the period. Vident Advisory LLC grew its holdings in ManpowerGroup by 3.9% during the fourth quarter. Vident Advisory LLC now owns 3,954 shares of the business services provider’s stock worth $314,000 after acquiring an additional 148 shares during the period. Venturi Wealth Management LLC grew its holdings in ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after acquiring an additional 160 shares during the period. Exchange Traded Concepts LLC grew its holdings in ManpowerGroup by 19.1% during the third 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 during the period. Finally, Raymond James & Associates grew its holdings in ManpowerGroup by 5.2% during the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock worth $280,000 after acquiring an additional 173 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

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.