ManpowerGroup Inc. (NYSE:MAN) Receives Consensus Rating of “Hold” from Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $40.25.

A number of research analysts have recently issued reports on the company. Barclays lowered their price target on ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. The Goldman Sachs Group boosted their target price on ManpowerGroup from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. 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 research note on Tuesday, February 3rd. BMO Capital Markets upgraded shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Thursday, December 18th. Finally, Robert W. Baird set a $50.00 price target on shares of ManpowerGroup in a report on Friday, January 30th.

Institutional Investors Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAN. Baird Financial Group Inc. purchased a new stake in ManpowerGroup during the 1st quarter valued at $219,000. Goldman Sachs Group Inc. grew its holdings in shares of ManpowerGroup by 12.5% in the first quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock worth $20,109,000 after acquiring an additional 38,710 shares during the period. Empowered Funds LLC grew its holdings in shares of ManpowerGroup by 3.2% in the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock worth $778,000 after acquiring an additional 414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ManpowerGroup by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after acquiring an additional 13,906 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in ManpowerGroup during the first quarter valued at $348,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $25.83 on Monday. ManpowerGroup has a twelve month low of $25.15 and a twelve month high of $61.31. The firm has a market cap of $1.20 billion, a P/E ratio of -86.11 and a beta of 0.91. The company has a 50 day moving average of $30.17 and a 200 day moving average of $32.15. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

ManpowerGroup (NYSE:MAN) last issued its earnings results 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. 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 company’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.02 EPS. As a group, research analysts expect that ManpowerGroup will post 4.23 EPS 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.