ManpowerGroup (NYSE:MAN) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ManpowerGroup (NYSE:MAN) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other analysts also recently commented on the stock. Robert W. Baird set a $50.00 price target on shares of ManpowerGroup in a research report on Friday, January 30th. Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Tuesday, February 3rd. BMO Capital Markets upgraded shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research note on Thursday, December 18th. Barclays cut their target price on ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group increased their price target on ManpowerGroup from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, ManpowerGroup currently has a consensus rating of “Hold” and a consensus price target of $40.25.

ManpowerGroup Trading Up 2.0%

Shares of MAN stock opened at $29.27 on Friday. ManpowerGroup has a 1 year low of $25.15 and a 1 year high of $63.35. The firm has a market capitalization of $1.36 billion, a PE ratio of -97.56 and a beta of 0.91. The stock has a fifty day moving average of $30.46 and a two-hundred day moving average of $32.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.63 billion. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share. As a group, research analysts expect that ManpowerGroup will post 4.23 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ManpowerGroup during the second quarter valued at $793,000. AXQ Capital LP acquired a new stake in ManpowerGroup during the 2nd quarter worth about $440,000. Envestnet Asset Management Inc. boosted its position in ManpowerGroup by 43.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,230 shares of the business services provider’s stock worth $817,000 after acquiring an additional 6,173 shares during the period. Schroder Investment Management Group grew its stake in ManpowerGroup by 48.2% during the 2nd quarter. Schroder Investment Management Group now owns 1,778,578 shares of the business services provider’s stock valued at $71,855,000 after acquiring an additional 578,843 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of ManpowerGroup by 415.7% in the 3rd quarter. CWM LLC now owns 86,210 shares of the business services provider’s stock valued at $3,267,000 after purchasing an additional 69,492 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

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.