ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of “Hold” by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have received a consensus recommendation of “Hold” from the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $69.33.

Several research analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Truist Financial reissued a “hold” rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. UBS Group cut their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays decreased their price target 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.

ManpowerGroup Trading Down 1.0 %

NYSE MAN opened at $58.75 on Monday. ManpowerGroup has a one year low of $53.31 and a one year high of $78.87. The firm has a 50 day simple moving average of $58.26 and a 200-day simple moving average of $61.99. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 19.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

Hedge Funds Weigh In On ManpowerGroup

Several hedge funds have recently added to or reduced their stakes in the stock. Merit Financial Group LLC purchased a new stake in shares of ManpowerGroup during the 4th quarter worth approximately $241,000. BNP Paribas Financial Markets raised its stake in ManpowerGroup by 168.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock worth $2,199,000 after acquiring an additional 18,764 shares in the last quarter. Sanctuary Advisors LLC lifted its position in ManpowerGroup by 39.8% in the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 2,208 shares during the last quarter. AlphaQuest LLC boosted its stake in ManpowerGroup by 4,364.3% in the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider’s stock valued at $1,616,000 after acquiring an additional 27,364 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in ManpowerGroup in the third quarter valued at $1,250,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.