ManpowerGroup (NYSE:MAN) Stock Rating Lowered by Wall Street Zen

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

A number of other research firms have also issued reports on MAN. 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 report on Thursday, December 18th. Argus raised shares of 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 target on shares of ManpowerGroup in a research report on Friday, January 30th. 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. Finally, Barclays cut their price objective on shares of ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, ManpowerGroup has an average rating of “Hold” and a consensus price target of $40.25.

ManpowerGroup Stock Performance

NYSE MAN opened at $26.59 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50 day simple moving average is $29.75 and its 200-day simple moving average is $31.74. The company has a market cap of $1.24 billion, a PE ratio of -88.64 and a beta of 0.91. ManpowerGroup has a 1-year low of $25.15 and a 1-year high of $59.54.

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

Institutional Investors Weigh In On ManpowerGroup

A number of hedge funds have recently modified their holdings of MAN. Allworth Financial LP raised its stake in ManpowerGroup by 321.7% during the second quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock worth $27,000 after purchasing an additional 505 shares during the period. Quarry LP purchased a new stake in shares of ManpowerGroup in the 3rd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of ManpowerGroup in the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC increased its holdings in shares of ManpowerGroup by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock worth $30,000 after buying an additional 406 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of ManpowerGroup by 72.5% during the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock worth $30,000 after buying an additional 337 shares during 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.