Brokerages Set ManpowerGroup Inc. (NYSE:MAN) Target Price at $69.33

Shares of ManpowerGroup Inc. (NYSE:MAN) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $69.33.

A number of analysts recently weighed in on MAN shares. Truist Financial reissued a “hold” rating and issued a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, January 31st. UBS Group dropped their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays lowered their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd.

ManpowerGroup Stock Performance

Shares of NYSE MAN opened at $52.18 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The company has a market cap of $2.44 billion, a P/E ratio of 17.45 and a beta of 1.43. ManpowerGroup has a 52-week low of $51.12 and a 52-week high of $78.87. The firm’s fifty day moving average is $57.86 and its two-hundred day moving average is $61.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in ManpowerGroup by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider’s stock valued at $143,942,000 after purchasing an additional 59,763 shares during the period. AQR Capital Management LLC grew its position in ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock worth $130,125,000 after buying an additional 711,043 shares during the period. Invesco Ltd. grew its holdings in ManpowerGroup by 4.2% in the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider’s stock valued at $110,623,000 after purchasing an additional 77,234 shares during the last quarter. Millennium Management LLC increased its holdings in ManpowerGroup by 137.0% during the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock valued at $46,845,000 after acquiring an additional 469,184 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock valued at $58,444,000 after buying an additional 4,113 shares in the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.