JPMorgan Chase & Co. Raises ManpowerGroup (NYSE:MAN) Price Target to $84.00

ManpowerGroup (NYSE:MAN) had its target price upped by investment analysts at JPMorgan Chase & Co. from $82.00 to $84.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 13.47% from the company’s current price.

Several other brokerages have also weighed in on MAN. BMO Capital Markets dropped their target price on ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. William Blair initiated coverage on ManpowerGroup in a research report on Monday, January 8th. They issued a “market perform” rating on the stock. BNP Paribas reaffirmed an “underperform” rating and issued a $70.00 target price on shares of ManpowerGroup in a research report on Friday, January 5th. Truist Financial upped their target price on ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, StockNews.com lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $83.13.

ManpowerGroup Stock Up 5.7 %

Shares of ManpowerGroup stock opened at $74.03 on Friday. The stock has a 50-day moving average price of $73.28 and a 200 day moving average price of $74.35. The company has a market cap of $3.58 billion, a P/E ratio of 44.33, a P/E/G ratio of 0.60 and a beta of 1.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. ManpowerGroup has a 1 year low of $67.35 and a 1 year high of $88.91.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data 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 return on equity of 12.60% and a net margin of 0.47%. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the business earned $2.08 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, analysts expect that ManpowerGroup will post 5.01 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. CWM LLC grew its holdings in ManpowerGroup by 345.1% in the 3rd quarter. CWM LLC now owns 365 shares of the business services provider’s stock valued at $27,000 after buying an additional 283 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in ManpowerGroup by 54.8% in the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after buying an additional 160 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in ManpowerGroup by 19.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock valued at $74,000 after buying an additional 162 shares during the last quarter. Captrust Financial Advisors grew its holdings in ManpowerGroup by 72.6% in the 1st quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock valued at $81,000 after buying an additional 361 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in ManpowerGroup by 145.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock valued at $86,000 after buying an additional 644 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Company Profile

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.