ManpowerGroup Inc. (NYSE:MAN) Given Average Recommendation of “Reduce” by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given a consensus rating of “Reduce” by the seven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $38.8333.

A number of analysts have recently commented on MAN shares. JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Truist Financial decreased their price target on ManpowerGroup from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. UBS Group dropped their price objective on shares of ManpowerGroup from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. BMO Capital Markets raised shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a report on Thursday, December 18th. Finally, Barclays lowered their price target on shares of ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th.

ManpowerGroup Price Performance

NYSE:MAN opened at $30.61 on Friday. The firm’s fifty day moving average is $29.30 and its two-hundred day moving average is $35.22. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -65.12 and a beta of 0.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. ManpowerGroup has a one year low of $26.14 and a one year high of $63.35.

ManpowerGroup Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.72 per share. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 505.0%. ManpowerGroup’s dividend payout ratio (DPR) is -306.38%.

Hedge Funds Weigh In On ManpowerGroup

A number of large investors have recently bought and sold shares of MAN. Azarias Capital Management L.P. grew its holdings in ManpowerGroup by 40.9% in the fourth quarter. Azarias Capital Management L.P. now owns 289,883 shares of the business services provider’s stock valued at $8,618,000 after purchasing an additional 84,152 shares during the period. Oak Thistle LLC purchased a new position in shares of ManpowerGroup during the 4th quarter valued at approximately $620,000. Daytona Street Capital LLC acquired a new stake in ManpowerGroup in the 4th quarter valued at $149,000. Harbor Capital Advisors Inc. raised its position in ManpowerGroup by 16.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,477 shares of the business services provider’s stock worth $995,000 after acquiring an additional 4,679 shares during the period. Finally, Uncommon Cents Investing LLC lifted its holdings in ManpowerGroup by 5.5% during the fourth quarter. Uncommon Cents Investing LLC now owns 19,140 shares of the business services provider’s stock valued at $569,000 after purchasing an additional 990 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.