Barclays Cuts ManpowerGroup (NYSE:MAN) Price Target to $35.00

ManpowerGroup (NYSE:MAN) had its price target decreased by Barclays from $42.00 to $35.00 in a report issued on Friday,Benzinga reports. Barclays currently has an equal weight rating on the business services provider’s stock.

A number of other brokerages have also weighed in on MAN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a research report on Monday, December 29th. UBS Group set a $35.00 price target on ManpowerGroup in a research report on Friday, January 30th. The Goldman Sachs Group raised their price target on ManpowerGroup from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Robert W. Baird set a $50.00 price objective on ManpowerGroup in a report on Friday, January 30th. Finally, Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, ManpowerGroup presently has an average rating of “Hold” and an average target price of $40.25.

ManpowerGroup Price Performance

Shares of MAN stock opened at $29.27 on Friday. The company has a market capitalization of $1.36 billion, a P/E ratio of -97.56 and a beta of 0.91. The company’s 50-day simple moving average is $30.46 and its two-hundred day simple moving average is $32.70. ManpowerGroup has a one year low of $25.15 and a one year high of $63.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC lifted its stake in shares of ManpowerGroup by 558.9% during the 4th quarter. Corient Private Wealth LLC now owns 83,408 shares of the business services provider’s stock worth $2,480,000 after purchasing an additional 70,749 shares during the last quarter. Vident Advisory LLC raised its holdings in ManpowerGroup by 38.5% in the fourth quarter. Vident Advisory LLC now owns 23,877 shares of the business services provider’s stock worth $710,000 after purchasing an additional 6,640 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in ManpowerGroup in the fourth quarter worth about $318,000. Empowered Funds LLC lifted its position in shares of ManpowerGroup by 10.7% during the fourth quarter. Empowered Funds LLC now owns 163,123 shares of the business services provider’s stock valued at $4,850,000 after buying an additional 15,743 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in shares of ManpowerGroup by 274.8% during the fourth quarter. XTX Topco Ltd now owns 65,601 shares of the business services provider’s stock valued at $1,950,000 after buying an additional 48,099 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.