ManpowerGroup (NYSE:MAN) Price Target Lowered to $30.00 at Barclays

ManpowerGroup (NYSE:MAN) had its price objective cut by Barclays from $35.00 to $30.00 in a research report report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a research report on Friday, March 27th. UBS Group set a $35.00 price target on ManpowerGroup in a research report on Friday, January 30th. Argus raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock 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, The Goldman Sachs Group raised shares of ManpowerGroup from a “sell” rating to a “neutral” rating and set a $30.00 price objective for the company in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.63.

ManpowerGroup Trading Up 8.6%

Shares of NYSE:MAN opened at $29.24 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -97.47 and a beta of 0.84. ManpowerGroup has a 1-year low of $25.15 and a 1-year high of $52.38. The company has a 50 day moving average price of $28.91 and a 200 day moving average price of $30.49.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results 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. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the company earned $1.02 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, research analysts anticipate that ManpowerGroup will post 4.23 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

A number of hedge funds have recently modified their holdings of MAN. Treasurer of the State of North Carolina grew its holdings in shares of ManpowerGroup by 1.4% during the second quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock valued at $869,000 after buying an additional 296 shares in the last quarter. True Wealth Design LLC lifted its stake in ManpowerGroup by 72.5% in the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock worth $30,000 after acquiring an additional 337 shares in the last quarter. Cetera Investment Advisers boosted its position in ManpowerGroup by 3.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock worth $408,000 after acquiring an additional 348 shares during the period. Quarry LP boosted its position in ManpowerGroup by 55.3% during the 4th quarter. Quarry LP now owns 1,034 shares of the business services provider’s stock worth $31,000 after acquiring an additional 368 shares during the period. Finally, GAMMA Investing LLC grew its stake in ManpowerGroup by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 406 shares in the last quarter. Hedge funds and other institutional investors 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.