Barclays Cuts ManpowerGroup (NYSE:MAN) Price Target to $35.00

ManpowerGroup (NYSE:MAN) had its price objective cut by research analysts at Barclays from $42.00 to $35.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price target indicates a potential upside of 25.58% from the company’s current price.

MAN has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a report on Monday, December 29th. Robert W. Baird set a $50.00 price target on ManpowerGroup in a research report on Friday, January 30th. The Goldman Sachs Group upped their price objective on ManpowerGroup from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, February 3rd. BMO Capital Markets raised ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Thursday, December 18th. Finally, UBS Group set a $35.00 target price on ManpowerGroup in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and an average target price of $40.25.

ManpowerGroup Price Performance

Shares of MAN traded down $0.83 during trading hours on Friday, reaching $27.87. 174,161 shares of the company’s stock traded hands, compared to its average volume of 1,398,120. ManpowerGroup has a 12 month low of $25.15 and a 12 month high of $63.35. 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 market cap of $1.29 billion, a PE ratio of -92.90 and a beta of 0.91. The firm’s 50 day simple moving average is $30.47 and its 200-day simple moving average is $32.91.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.63 billion. During the same period last year, the firm posted $1.02 earnings per share. ManpowerGroup’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts expect that ManpowerGroup will post 4.23 EPS for the current year.

Hedge Funds Weigh In On ManpowerGroup

A number of large investors have recently bought and sold shares of the stock. Baird Financial Group Inc. purchased a new stake in shares of ManpowerGroup during the first quarter valued at approximately $219,000. Goldman Sachs Group Inc. raised its holdings in ManpowerGroup by 12.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock valued at $20,109,000 after buying an additional 38,710 shares during the last quarter. Empowered Funds LLC boosted its position in ManpowerGroup by 3.2% during the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after buying an additional 414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ManpowerGroup by 9.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after buying an additional 13,906 shares during the period. Finally, Focus Partners Wealth bought a new stake in ManpowerGroup in the 1st quarter worth $348,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Company Profile

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.