ManpowerGroup (NYSE:MAN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of ManpowerGroup (NYSE:MAN) from a buy rating to a hold rating in a report published on Saturday.

MAN has been the subject of a number of other research reports. Barclays reduced their target price on ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. BMO Capital Markets raised shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a report on Thursday, December 18th. UBS Group set a $35.00 price objective on ManpowerGroup in a research note on Friday, January 30th. Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, February 3rd. Finally, Robert W. Baird set a $50.00 price target on ManpowerGroup in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and an average target price of $40.25.

ManpowerGroup Price Performance

MAN opened at $26.59 on Friday. ManpowerGroup has a 12-month low of $25.15 and a 12-month high of $59.54. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -88.64 and a beta of 0.91. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $29.75 and a two-hundred day simple moving average of $31.68.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.63 billion. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. ManpowerGroup’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share. Research analysts predict that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its stake in shares of ManpowerGroup by 286.1% during the fourth quarter. Corient Private Wealth LLC now owns 48,874 shares of the business services provider’s stock valued at $1,453,000 after acquiring an additional 36,215 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of ManpowerGroup by 38.5% during the 4th quarter. Vident Advisory LLC now owns 23,877 shares of the business services provider’s stock worth $710,000 after purchasing an additional 6,640 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at about $318,000. Empowered Funds LLC boosted its stake in ManpowerGroup by 10.7% in the fourth quarter. Empowered Funds LLC now owns 163,123 shares of the business services provider’s stock valued at $4,850,000 after acquiring an additional 15,743 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in shares of ManpowerGroup by 274.8% in the 4th quarter. XTX Topco Ltd now owns 65,601 shares of the business services provider’s stock worth $1,950,000 after purchasing an additional 48,099 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.