ManpowerGroup (NYSE:MAN) Price Target Cut to $50.00 by Analysts at JPMorgan Chase & Co.

ManpowerGroup (NYSE:MAN) had its price target lowered by JPMorgan Chase & Co. from $65.00 to $50.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

A number of other research analysts have also weighed in on the company. BMO Capital Markets reduced their price objective on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a research report on Monday. Truist Financial lowered their price target on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research report on Monday. Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, UBS Group decreased their target price on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.50.

ManpowerGroup Stock Down 0.5 %

MAN stock opened at $39.88 on Monday. ManpowerGroup has a fifty-two week low of $39.22 and a fifty-two week high of $78.87. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 13.34 and a beta of 1.28. The business’s 50 day moving average price is $55.18 and its two-hundred day moving average price is $59.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The firm had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the company posted $0.94 EPS. As a group, analysts forecast that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

Institutional Trading of ManpowerGroup

A number of institutional investors have recently made changes to their positions in MAN. Dimensional Fund Advisors LP lifted its position in ManpowerGroup by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider’s stock valued at $143,942,000 after purchasing an additional 59,763 shares during the period. AQR Capital Management LLC increased its position in ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock valued at $130,125,000 after acquiring an additional 711,043 shares during the last quarter. Invesco Ltd. boosted its position in ManpowerGroup by 4.2% in the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider’s stock worth $110,623,000 after purchasing an additional 77,234 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of ManpowerGroup by 73.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider’s stock valued at $59,443,000 after purchasing an additional 434,480 shares during the period. Finally, Millennium Management LLC increased its position in shares of ManpowerGroup by 137.0% during the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock valued at $46,845,000 after purchasing an additional 469,184 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

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.