ManpowerGroup (NYSE:MAN) Upgraded to “Neutral” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of ManpowerGroup (NYSE:MAN) from a sell rating to a neutral rating in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has $30.00 price target on the business services provider’s stock.

Several other analysts have also recently commented on MAN. Wall Street Zen upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. UBS Group set a $35.00 price objective on ManpowerGroup in a research report on Friday, January 30th. BMO Capital Markets raised shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Thursday, December 18th. Barclays dropped their price target on ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a report on Monday, December 29th. 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. Based on data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and an average target price of $40.25.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $26.07 on Wednesday. The business has a 50-day simple moving average of $29.94 and a two-hundred day simple moving average of $31.89. The company has a market cap of $1.21 billion, a PE ratio of -86.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. ManpowerGroup has a fifty-two week low of $25.15 and a fifty-two week high of $61.09.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, topping 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 company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. ManpowerGroup’s revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts expect that ManpowerGroup will post 4.23 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its holdings in shares of ManpowerGroup by 286.1% in the 4th quarter. Corient Private Wealth LLC now owns 48,874 shares of the business services provider’s stock valued at $1,453,000 after buying an additional 36,215 shares during the period. 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 valued at $710,000 after acquiring an additional 6,640 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of ManpowerGroup in the 4th quarter valued at $318,000. Empowered Funds LLC lifted 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 buying an additional 15,743 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in ManpowerGroup by 274.8% during the fourth quarter. XTX Topco Ltd now owns 65,601 shares of the business services provider’s stock worth $1,950,000 after purchasing an additional 48,099 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

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.