UBS Group Cuts ManpowerGroup (NYSE:MAN) Price Target to $80.00

ManpowerGroup (NYSE:MAN) had its price objective cut by UBS Group from $81.00 to $80.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

A number of other research firms have also issued reports on MAN. StockNews.com lowered shares of ManpowerGroup from a buy rating to a hold rating in a research note on Wednesday, January 31st. BMO Capital Markets reduced their target price on shares of ManpowerGroup from $86.00 to $85.00 and set a market perform rating for the company in a research note on Thursday, February 1st. BNP Paribas reissued an underperform rating and set a $70.00 target price on shares of ManpowerGroup in a research note on Friday, January 5th. William Blair began coverage on shares of ManpowerGroup in a research note on Monday, January 8th. They issued a market perform rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of ManpowerGroup from $82.00 to $84.00 and gave the company a neutral rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $83.13.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $74.84 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. ManpowerGroup has a fifty-two week low of $67.35 and a fifty-two week high of $88.91. The firm has a 50-day simple moving average of $73.32 and a 200 day simple moving average of $74.39. The company has a market cap of $3.62 billion, a PE ratio of 77.16, a P/E/G ratio of 0.64 and a beta of 1.54.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. ManpowerGroup’s revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. On average, sell-side analysts anticipate that ManpowerGroup will post 4.99 EPS for the current year.

Institutional Trading of ManpowerGroup

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAN. CWM LLC increased its holdings in shares of ManpowerGroup by 345.1% in the third quarter. CWM LLC now owns 365 shares of the business services provider’s stock valued at $27,000 after buying an additional 283 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of ManpowerGroup by 54.8% in the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after acquiring an additional 160 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of ManpowerGroup by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock worth $74,000 after purchasing an additional 162 shares during the period. Captrust Financial Advisors lifted its holdings in shares of ManpowerGroup by 72.6% during the first quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 361 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of ManpowerGroup by 145.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 644 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

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.