ManpowerGroup Inc. (NYSE:MAN) Receives Consensus Recommendation of “Hold” from Brokerages

ManpowerGroup Inc. (NYSE:MAN) has earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $69.33.

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

ManpowerGroup Stock Down 2.3 %

Shares of NYSE:MAN opened at $61.20 on Thursday. 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 company has a market cap of $2.86 billion, a PE ratio of 20.47 and a beta of 1.43. ManpowerGroup has a 52 week low of $53.31 and a 52 week high of $78.87. The firm has a 50 day simple moving average of $57.61 and a 200 day simple moving average of $63.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Merit Financial Group LLC acquired a new position in ManpowerGroup in the 4th quarter valued at $241,000. BNP Paribas Financial Markets grew its stake in ManpowerGroup by 168.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock valued at $2,199,000 after buying an additional 18,764 shares during the last quarter. Sanctuary Advisors LLC grew its stake in ManpowerGroup by 39.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock valued at $570,000 after buying an additional 2,208 shares during the last quarter. FORA Capital LLC acquired a new stake in ManpowerGroup in the 3rd quarter worth $636,000. Finally, National Bank of Canada FI acquired a new stake in ManpowerGroup in the 3rd quarter worth $1,250,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.