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

ManpowerGroup Inc. (NYSE:MAN – Get Rating) has earned an average rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $82.22.

A number of equities analysts recently issued reports on MAN shares. StockNews.com started coverage on shares of ManpowerGroup in a research report on Thursday. They set a “hold” rating on the stock. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a report on Monday, November 21st. Northcoast Research lowered shares of ManpowerGroup from a “buy” rating to a “neutral” rating in a report on Thursday, January 26th. Truist Financial boosted their price target on shares of ManpowerGroup from $80.00 to $92.00 and gave the company a “hold” rating in a report on Wednesday, February 1st. Finally, Robert W. Baird boosted their price target on shares of ManpowerGroup from $94.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st.

Insider Transactions at ManpowerGroup

In other news, SVP Donald O. Mondano sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $85.50, for a total value of $213,750.00. Following the sale, the senior vice president now owns 5,440 shares of the company’s stock, valued at approximately $465,120. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Ulice Payne, Jr. sold 780 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $89.09, for a total transaction of $69,490.20. Following the transaction, the director now owns 9,720 shares in the company, valued at approximately $865,954.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Donald O. Mondano sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total transaction of $213,750.00. Following the transaction, the senior vice president now owns 5,440 shares in the company, valued at approximately $465,120. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. lifted its position in ManpowerGroup by 183.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 386 shares of the business services provider’s stock worth $30,000 after buying an additional 250 shares in the last quarter. Ellevest Inc. acquired a new position in ManpowerGroup during the 3rd quarter worth about $25,000. Signaturefd LLC lifted its position in ManpowerGroup by 73.1% during the 3rd quarter. Signaturefd LLC now owns 502 shares of the business services provider’s stock worth $32,000 after buying an additional 212 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in ManpowerGroup during the 4th quarter worth about $46,000. Finally, EverSource Wealth Advisors LLC lifted its position in ManpowerGroup by 28.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 773 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 97.27% of the company’s stock.

ManpowerGroup Trading Down 1.6 %

Shares of MAN stock opened at $78.75 on Friday. ManpowerGroup has a 1 year low of $64.00 and a 1 year high of $101.53. The firm’s fifty day simple moving average is $86.28 and its 200 day simple moving average is $80.96. The firm has a market capitalization of $4.00 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.39.

ManpowerGroup (NYSE:MAN – Get Rating) last announced its earnings results on Tuesday, January 31st. The business services provider reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.06). ManpowerGroup had a return on equity of 18.19% and a net margin of 1.89%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the firm posted $2.20 EPS. The company’s revenue was down 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that ManpowerGroup will post 6.89 EPS for the current year.

About ManpowerGroup

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ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.