ManpowerGroup (NYSE:MAN) Price Target Lowered to $80.00 at UBS Group

ManpowerGroup (NYSE:MAN) had its target price decreased by UBS Group from $81.00 to $80.00 in a report released on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the business services provider’s stock.

MAN has been the subject of several other reports. BNP Paribas reiterated an underperform rating and set a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. BMO Capital Markets decreased their price objective on ManpowerGroup from $86.00 to $85.00 and set a market perform rating on the stock in a report on Thursday, February 1st. StockNews.com lowered ManpowerGroup from a buy rating to a hold rating in a report on Wednesday, January 31st. Truist Financial lifted their price objective on ManpowerGroup from $75.00 to $78.00 and gave the stock a hold rating in a report on Wednesday, January 31st. Finally, William Blair initiated coverage on ManpowerGroup in a report on Monday, January 8th. They set a market perform rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $83.00.

ManpowerGroup Trading Up 1.1 %

Shares of NYSE MAN opened at $75.65 on Friday. ManpowerGroup has a one year low of $67.35 and a one year high of $88.91. The firm has a market capitalization of $3.66 billion, a PE ratio of 77.99, a PEG ratio of 0.64 and a beta of 1.54. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $73.36 and a two-hundred day moving average price of $74.41.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The firm’s revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 EPS. As a group, analysts predict that ManpowerGroup will post 4.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG raised its position in shares of ManpowerGroup by 88.3% during the third quarter. UBS Group AG now owns 52,185 shares of the business services provider’s stock worth $3,826,000 after acquiring an additional 24,466 shares during the last quarter. ING Groep NV bought a new stake in ManpowerGroup in the third quarter valued at about $1,019,000. Teachers Retirement System of The State of Kentucky increased its holdings in ManpowerGroup by 91.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,437 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 8,318 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in ManpowerGroup in the third quarter valued at about $1,603,000. Finally, Quantbot Technologies LP increased its holdings in ManpowerGroup by 376.8% in the third quarter. Quantbot Technologies LP now owns 23,688 shares of the business services provider’s stock valued at $1,737,000 after purchasing an additional 18,720 shares during the last quarter. Institutional investors 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.