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

ManpowerGroup Inc. (NYSE:MAN) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $83.00.

A number of equities analysts recently commented on MAN shares. 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 note on Friday, April 19th. StockNews.com downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. UBS Group dropped their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. BMO Capital Markets raised their price objective on ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. Finally, Truist Financial lifted their target price on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st.

ManpowerGroup Trading Down 0.9 %

NYSE:MAN opened at $76.25 on Friday. The stock has a fifty day simple moving average of $74.55 and a 200 day simple moving average of $74.74. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 78.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.50. ManpowerGroup has a 1-year low of $67.35 and a 1-year high of $88.91. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data 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. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. Sell-side analysts forecast that ManpowerGroup will post 4.99 earnings per share for the current year.

ManpowerGroup Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be issued a $1.54 dividend. The ex-dividend date is Monday, June 3rd. This represents a yield of 3.8%. This is an increase from ManpowerGroup’s previous semi-annual dividend of $1.47. ManpowerGroup’s dividend payout ratio is currently 303.09%.

Hedge Funds Weigh In On ManpowerGroup

Hedge funds have recently bought and sold shares of the business. Trillium Asset Management LLC lifted its position in ManpowerGroup by 2.3% during the 1st quarter. Trillium Asset Management LLC now owns 45,872 shares of the business services provider’s stock worth $3,562,000 after acquiring an additional 1,021 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of ManpowerGroup by 8.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 62,373 shares of the business services provider’s stock valued at $5,148,000 after purchasing an additional 4,698 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of ManpowerGroup by 72.8% in the first quarter. Russell Investments Group Ltd. now owns 199,045 shares of the business services provider’s stock worth $15,453,000 after purchasing an additional 83,827 shares during the period. Sei Investments Co. lifted its position in shares of ManpowerGroup by 14.1% during the 1st quarter. Sei Investments Co. now owns 58,241 shares of the business services provider’s stock worth $4,522,000 after purchasing an additional 7,198 shares during the last quarter. Finally, Duality Advisers LP boosted its stake in ManpowerGroup by 169.5% during the 1st quarter. Duality Advisers LP now owns 29,581 shares of the business services provider’s stock valued at $2,297,000 after purchasing an additional 18,604 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

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.