ManpowerGroup (NYSE:MAN) Price Target Lowered to $48.00 at Truist Financial

ManpowerGroup (NYSE:MAN) had its price target decreased by Truist Financial from $55.00 to $48.00 in a report published on Monday,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Several other analysts also recently weighed in on MAN. Barclays upgraded ManpowerGroup from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group dropped their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, BMO Capital Markets lowered their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.50.

ManpowerGroup Trading Down 0.5 %

Shares of ManpowerGroup stock opened at $39.88 on Monday. The firm’s 50-day moving average price is $55.18 and its two-hundred day moving average price is $59.27. 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 company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup has a 12-month low of $39.22 and a 12-month high of $78.87.

ManpowerGroup (NYSE:MAN) last announced 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 net margin of 0.81% and a return on equity of 10.19%. The firm had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the business earned $0.94 earnings per share. On average, analysts forecast that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in shares of ManpowerGroup in the 1st quarter valued at about $887,000. Vaughan Nelson Investment Management L.P. boosted its holdings 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 worth $59,443,000 after buying an additional 434,480 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of ManpowerGroup by 15.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,005 shares of the business services provider’s stock worth $1,505,000 after buying an additional 3,499 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of ManpowerGroup by 41.3% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,839 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 2,291 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in shares of ManpowerGroup by 2.1% during the 1st quarter. SummerHaven Investment Management LLC now owns 11,657 shares of the business services provider’s stock valued at $675,000 after acquiring an additional 238 shares during the period. 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.