ManpowerGroup Inc. (NYSE:MAN) Receives Average Rating of “Hold” from Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given an average rating of “Hold” by the five research firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have covered the stock in the last year is $50.60.

A number of brokerages have recently issued reports on MAN. UBS Group cut their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Wall Street Zen upgraded shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Finally, Barclays upgraded shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in ManpowerGroup by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,917 shares of the business services provider’s stock worth $29,144,000 after purchasing an additional 23,741 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ManpowerGroup in the fourth quarter worth $875,000. PNC Financial Services Group Inc. grew its stake in shares of ManpowerGroup by 34.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after purchasing an additional 587 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of ManpowerGroup by 89.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,218 shares of the business services provider’s stock worth $301,000 after purchasing an additional 2,463 shares in the last quarter. Finally, Natixis Advisors LLC purchased a new stake in ManpowerGroup in the fourth quarter valued at $6,489,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of MAN opened at $44.26 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. ManpowerGroup has a one year low of $37.99 and a one year high of $78.22. The company has a 50-day simple moving average of $41.78 and a two-hundred day simple moving average of $50.74. The firm has a market capitalization of $2.05 billion, a PE ratio of 19.24 and a beta of 1.07.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $698.30 million for the quarter, compared to analysts’ expectations of $3.94 billion. ManpowerGroup had a net margin of 0.63% and a return on equity of 9.10%. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, analysts anticipate that ManpowerGroup will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.72 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup’s dividend payout ratio (DPR) is currently 62.61%.

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.