ManpowerGroup (NYSE:MAN) Upgraded at Wall Street Zen

ManpowerGroup (NYSE:MAN) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities analysts have also issued research reports about the stock. Barclays reduced their target price on shares of ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday. BMO Capital Markets raised ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Thursday, December 18th. The Goldman Sachs Group boosted their price objective on ManpowerGroup from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 3rd. UBS Group set a $35.00 target price on ManpowerGroup in a research report on Friday, January 30th. Finally, Robert W. Baird set a $50.00 target price on ManpowerGroup in a report on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.25.

ManpowerGroup Stock Up 2.0%

MAN opened at $29.27 on Friday. ManpowerGroup has a 1 year low of $25.15 and a 1 year high of $63.35. The firm has a 50 day moving average price of $30.46 and a 200 day moving average price of $32.83. 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 company has a market cap of $1.36 billion, a PE ratio of -97.56 and a beta of 0.91.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the previous year, the company posted $1.02 earnings per share. ManpowerGroup’s revenue was up 6.8% compared to the same quarter last year. Sell-side analysts expect that ManpowerGroup will post 4.23 earnings per share for the current year.

Institutional Trading of ManpowerGroup

Several large investors have recently modified their holdings of the business. Corient Private Wealth LLC lifted its stake in shares of ManpowerGroup by 558.9% in the fourth quarter. Corient Private Wealth LLC now owns 83,408 shares of the business services provider’s stock worth $2,480,000 after acquiring an additional 70,749 shares in the last quarter. Vident Advisory LLC grew its stake in ManpowerGroup by 38.5% during the 4th quarter. Vident Advisory LLC now owns 23,877 shares of the business services provider’s stock valued at $710,000 after purchasing an additional 6,640 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in ManpowerGroup during the 4th quarter worth approximately $318,000. Empowered Funds LLC increased its holdings in ManpowerGroup by 10.7% during the 4th quarter. Empowered Funds LLC now owns 163,123 shares of the business services provider’s stock worth $4,850,000 after purchasing an additional 15,743 shares during the last quarter. Finally, XTX Topco Ltd raised its position in shares of ManpowerGroup by 274.8% in the 4th quarter. XTX Topco Ltd now owns 65,601 shares of the business services provider’s stock valued at $1,950,000 after purchasing an additional 48,099 shares in the last quarter. 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.