ManpowerGroup Inc. (NYSE:MAN) Receives $69.33 Average PT from Analysts

ManpowerGroup Inc. (NYSE:MAN) has been given an average rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $69.33.

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group cut their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays cut their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. Finally, Truist Financial reaffirmed a “hold” rating and set a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st.

Institutional Trading of ManpowerGroup

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares during the period. WFA Asset Management Corp acquired a new stake in ManpowerGroup in the fourth quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new stake in ManpowerGroup in the third quarter valued at approximately $54,000. SRS Capital Advisors Inc. grew its holdings in ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 562 shares during the period. Finally, R Squared Ltd acquired a new stake in ManpowerGroup in the fourth quarter valued at approximately $95,000. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Stock Down 0.1 %

Shares of MAN stock opened at $55.15 on Friday. The stock’s 50-day simple moving average is $58.22 and its 200-day simple moving average is $64.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The firm has a market capitalization of $2.59 billion, a PE ratio of 18.45 and a beta of 1.45. ManpowerGroup has a fifty-two week low of $53.70 and a fifty-two week high of $78.87.

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.