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

ManpowerGroup Inc. (NYSE:MAN) has been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $69.33.

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

Institutional Investors Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in ManpowerGroup by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock worth $2,745,000 after acquiring an additional 234 shares during the period. Vident Advisory LLC boosted its position in shares of ManpowerGroup by 2.8% in the 4th quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider’s stock worth $618,000 after purchasing an additional 290 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of ManpowerGroup by 11.8% during the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock worth $240,000 after purchasing an additional 344 shares during the period. Twin Capital Management Inc. increased its holdings in ManpowerGroup by 1.7% in the fourth quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider’s stock valued at $1,495,000 after purchasing an additional 439 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in ManpowerGroup by 8.8% in the fourth quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider’s stock valued at $328,000 after buying an additional 458 shares during the period. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Trading Down 4.5 %

Shares of MAN opened at $52.18 on Monday. 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 $2.44 billion, a price-to-earnings ratio of 17.45 and a beta of 1.28. The stock has a fifty day moving average price of $57.86 and a two-hundred day moving average price of $61.44. ManpowerGroup has a 52-week low of $47.76 and a 52-week high of $78.87.

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.