ManpowerGroup Inc. (NYSE:MAN) Receives Consensus Recommendation of “Hold” from Analysts

ManpowerGroup Inc. (NYSE:MAN) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $41.1250.

MAN has been the subject of a number of research analyst reports. Argus raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Tuesday, February 3rd. UBS Group set a $35.00 target price on ManpowerGroup in a research note on Friday, January 30th. Robert W. Baird set a $50.00 target price on shares of ManpowerGroup in a report on Friday, January 30th. Weiss Ratings restated a “sell (d)” rating on shares of ManpowerGroup in a research note on Monday, December 29th. Finally, BMO Capital Markets upgraded shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Thursday, December 18th.

Institutional Trading of ManpowerGroup

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

ManpowerGroup Stock Performance

NYSE MAN opened at $29.49 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -98.30 and a beta of 0.88. The firm’s 50 day simple moving average is $30.88 and its 200 day simple moving average is $33.82. ManpowerGroup has a 1 year low of $26.14 and a 1 year high of $63.35.

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

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.