ManpowerGroup (NYSE:MAN) Rating Increased to Buy at Argus

Argus upgraded shares of ManpowerGroup (NYSE:MAN) from a hold rating to a buy rating in a research report released on Tuesday morning, MarketBeat reports. They currently have $42.00 target price on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a research note on Monday, December 29th. Robert W. Baird set a $50.00 target price on shares of ManpowerGroup in a research note on Friday. Truist Financial cut 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. Finally, BMO Capital Markets upgraded ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, ManpowerGroup presently has a consensus rating of “Hold” and an average target price of $41.13.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $34.83 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.11. The stock has a fifty day moving average of $30.04 and a two-hundred day moving average of $34.63. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -116.11 and a beta of 0.88. ManpowerGroup has a fifty-two week low of $26.14 and a fifty-two week high of $63.35.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.02 earnings per share. On average, analysts anticipate that ManpowerGroup will post 4.23 EPS for the current fiscal year.

ManpowerGroup Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.72 dividend. This represents a dividend yield of 505.0%. The ex-dividend date was Monday, December 1st. ManpowerGroup’s dividend payout ratio (DPR) is -480.00%.

Institutional Trading of ManpowerGroup

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new position in ManpowerGroup in the third quarter valued at $25,000. Allworth Financial LP raised its holdings in shares of ManpowerGroup by 321.7% in the 2nd quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock worth $27,000 after purchasing an additional 505 shares during the period. GAMMA Investing LLC lifted its stake in shares of ManpowerGroup by 103.3% in the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 406 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of ManpowerGroup by 72.5% in the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 337 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of ManpowerGroup during the 3rd quarter worth about $30,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

About ManpowerGroup

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.