BMO Capital Markets Increases ManpowerGroup (NYSE:MAN) Price Target to $87.00

ManpowerGroup (NYSE:MAN) had its price objective hoisted by analysts at BMO Capital Markets from $80.00 to $87.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 20.73% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on MAN. JPMorgan Chase & Co. raised their target price on ManpowerGroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. UBS Group dropped their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Finally, BNP Paribas raised shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective on the stock in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.00.

ManpowerGroup Trading Down 1.7 %

ManpowerGroup stock traded down $1.28 during trading on Friday, reaching $72.06. The company had a trading volume of 54,084 shares, compared to its average volume of 401,569. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 74.53, a PEG ratio of 1.55 and a beta of 1.47. ManpowerGroup has a 12-month low of $66.03 and a 12-month high of $86.03. The stock’s 50 day moving average price is $72.45 and its two-hundred day moving average price is $73.84.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.27 by $0.03. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm posted $1.58 earnings per share. ManpowerGroup’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, equities analysts expect that ManpowerGroup will post 5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its stake 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 buying an additional 160 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in ManpowerGroup by 62.4% during the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after buying an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in ManpowerGroup during the first quarter worth $47,000. Advisors Asset Management Inc. acquired a new stake in ManpowerGroup during the first quarter worth $49,000. Finally, Hexagon Capital Partners LLC boosted its stake in ManpowerGroup by 145.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock worth $86,000 after buying an additional 644 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

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.