ManpowerGroup Inc. (NYSE:MAN) Receives Average Recommendation of “Hold” from Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $83.00.

MAN has been the topic of a number of recent analyst reports. BNP Paribas restated an “underperform” rating and issued a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. BMO Capital Markets decreased their price objective on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Truist Financial increased their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. William Blair started coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating for the company. Finally, StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st.

ManpowerGroup Stock Up 2.1 %

Shares of ManpowerGroup stock opened at $76.37 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. ManpowerGroup has a 1 year low of $67.35 and a 1 year high of $88.91. The firm’s 50-day moving average is $73.71 and its two-hundred day moving average is $74.36. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 0.63 and a beta of 1.53.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.26. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the business earned $2.08 EPS. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts expect that ManpowerGroup will post 5.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of ManpowerGroup by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock valued at $549,314,000 after purchasing an additional 17,691 shares during the period. Victory Capital Management Inc. increased its holdings in ManpowerGroup by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 3,759,889 shares of the business services provider’s stock worth $298,798,000 after acquiring an additional 137,668 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in ManpowerGroup by 10.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,066,520 shares of the business services provider’s stock worth $164,227,000 after acquiring an additional 193,444 shares in the last quarter. State Street Corp increased its holdings in ManpowerGroup by 4.1% in the 1st quarter. State Street Corp now owns 1,990,548 shares of the business services provider’s stock worth $164,278,000 after acquiring an additional 78,884 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in ManpowerGroup by 67.2% in the 1st quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock worth $172,812,000 after acquiring an additional 739,380 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.