ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of “Hold” by Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have received an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $41.1250.

A number of equities research analysts recently commented on MAN shares. Robert W. Baird set a $50.00 price target on shares of ManpowerGroup in a report on Friday, January 30th. Argus raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d)” rating on shares of ManpowerGroup in a research note on Monday, December 29th. The Goldman Sachs Group increased their price target on ManpowerGroup from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets raised ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Thursday, December 18th.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $26.19 on Thursday. The company has a market capitalization of $1.21 billion, a P/E ratio of -87.30 and a beta of 0.88. The company’s 50-day moving average is $30.82 and its 200 day moving average is $33.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.11. ManpowerGroup has a fifty-two week low of $26.13 and a fifty-two week high of $63.35.

ManpowerGroup (NYSE:MAN) last announced 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. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that ManpowerGroup will post 4.23 earnings per share for the current year.

Institutional Trading of ManpowerGroup

Several hedge funds and other institutional investors have recently modified their holdings of MAN. Quarry LP purchased a new position in ManpowerGroup in the 3rd quarter valued at approximately $25,000. Allworth Financial LP boosted its holdings in shares of ManpowerGroup by 321.7% in the second quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock worth $27,000 after acquiring an additional 505 shares during the period. GAMMA Investing LLC grew its position in shares of ManpowerGroup by 103.3% in the third quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. True Wealth Design LLC raised its stake in shares of ManpowerGroup by 72.5% during the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 337 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in ManpowerGroup during the 3rd quarter worth about $30,000. 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.