ManpowerGroup (NYSE:MAN) Price Target Increased to $84.00 by Analysts at BMO Capital Markets

ManpowerGroup (NYSE:MAN) had its target price boosted by BMO Capital Markets from $81.00 to $84.00 in a research note issued to investors on Monday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a neutral rating in a research report on Friday. UBS Group lowered their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a neutral rating on the stock in a research report on Friday. StockNews.com downgraded shares of ManpowerGroup from a buy rating to a hold rating in a research report on Wednesday, January 31st. Truist Financial raised their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a hold rating in a research report on Wednesday, January 31st. Finally, BNP Paribas restated an underperform rating and issued a $70.00 target price on shares of ManpowerGroup in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, ManpowerGroup currently has a consensus rating of Hold and an average target price of $83.00.

ManpowerGroup Trading Up 1.1 %

NYSE MAN opened at $75.65 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.16. The firm’s fifty day moving average price is $73.36 and its 200 day moving average price is $74.41. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 77.99, a price-to-earnings-growth ratio of 0.64 and a beta of 1.54. ManpowerGroup has a 12 month low of $67.35 and a 12 month high of $88.91.

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

Institutional Trading of ManpowerGroup

Hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group acquired a new stake in shares of ManpowerGroup in the third quarter valued at about $94,417,000. Norges Bank acquired a new stake in shares of ManpowerGroup in the fourth quarter valued at about $44,057,000. Victory Capital Management Inc. lifted its stake in shares of ManpowerGroup by 11.5% in the third quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider’s stock valued at $265,581,000 after purchasing an additional 373,473 shares during the period. Capital Research Global Investors lifted its stake in shares of ManpowerGroup by 37.5% in the fourth quarter. Capital Research Global Investors now owns 907,545 shares of the business services provider’s stock valued at $72,123,000 after purchasing an additional 247,383 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of ManpowerGroup by 22.5% in the third quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider’s stock valued at $94,089,000 after purchasing an additional 235,578 shares during the period. Institutional investors and hedge funds 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.