ManpowerGroup Inc. (NYSE:MAN) Receives $80.45 Average Target Price from Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $80.45.

Several equities analysts recently issued reports on the stock. CL King cut their price objective on shares of ManpowerGroup from $107.00 to $80.00 in a report on Tuesday, April 7th. SunTrust Banks cut their price objective on shares of ManpowerGroup from $92.00 to $64.00 in a report on Friday, March 27th. Barclays lowered shares of ManpowerGroup from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $112.00 to $68.00 in a report on Thursday, March 19th. ValuEngine raised shares of ManpowerGroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Zacks Investment Research raised shares of ManpowerGroup from a “strong sell” rating to a “hold” rating and set a $79.00 price objective on the stock in a report on Wednesday, May 27th.

Shares of ManpowerGroup stock traded down $0.10 on Friday, hitting $68.97. 10,359 shares of the company traded hands, compared to its average volume of 835,721. The stock’s 50 day moving average price is $70.60 and its 200-day moving average price is $78.47. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.50. ManpowerGroup has a 52 week low of $49.57 and a 52 week high of $100.99. The company has a market cap of $3.93 billion, a PE ratio of 9.88, a PEG ratio of 16.57 and a beta of 2.00.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Tuesday, April 21st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.09. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.23 billion. ManpowerGroup had a net margin of 2.02% and a return on equity of 15.12%. ManpowerGroup’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. As a group, research analysts anticipate that ManpowerGroup will post 2.8 EPS for the current fiscal year.

The company also recently declared a semi-annual dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $1.09 dividend. This represents a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 29th. ManpowerGroup’s dividend payout ratio is currently 29.26%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC grew its holdings in shares of ManpowerGroup by 220.6% during the first quarter. FinTrust Capital Advisors LLC now owns 497 shares of the business services provider’s stock valued at $26,000 after buying an additional 342 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at $201,000. Van ECK Associates Corp purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at $233,000. PNC Financial Services Group Inc. grew its holdings in shares of ManpowerGroup by 4.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,983 shares of the business services provider’s stock valued at $290,000 after buying an additional 133 shares during the last quarter. Finally, Colony Group LLC grew its holdings in shares of ManpowerGroup by 20.1% during the fourth quarter. Colony Group LLC now owns 3,025 shares of the business services provider’s stock valued at $294,000 after buying an additional 507 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands.

Featured Story: What is a closed-end mutual fund (CEF)?

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.