ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of “Hold” by Brokerages

ManpowerGroup Inc. (NYSE:MAN) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $83.13.

Several research analysts have weighed in on the stock. StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BNP Paribas reissued an “underperform” rating and issued a $70.00 price objective on shares of ManpowerGroup in a report on Friday, January 5th. William Blair began coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They set a “market perform” rating on the stock. BMO Capital Markets dropped their price target on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Finally, Truist Financial increased their price target on ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of ManpowerGroup in the 1st quarter valued at approximately $907,000. Cetera Advisor Networks LLC bought a new stake in shares of ManpowerGroup during the first quarter worth $267,000. Bank of Montreal Can increased its holdings in shares of ManpowerGroup by 104.8% during the first quarter. Bank of Montreal Can now owns 21,293 shares of the business services provider’s stock worth $2,143,000 after buying an additional 10,894 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of ManpowerGroup by 33.5% during the first quarter. MetLife Investment Management LLC now owns 35,079 shares of the business services provider’s stock worth $3,295,000 after buying an additional 8,794 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ManpowerGroup by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,878 shares of the business services provider’s stock valued at $1,867,000 after acquiring an additional 1,895 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of MAN opened at $74.84 on Monday. The company has a market cap of $3.62 billion, a PE ratio of 44.81, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. The firm has a 50-day moving average of $73.32 and a 200-day moving average of $74.37. ManpowerGroup has a one year low of $67.35 and a one year high of $88.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. The business’s revenue was down 7.3% compared to the same quarter last year. As a group, equities analysts forecast that ManpowerGroup will post 5.01 earnings per share for the current year.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. 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. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.