ManpowerGroup (NYSE:MAN) PT Raised to $84.00 at BMO Capital Markets

ManpowerGroup (NYSE:MAN) had its price target raised by stock analysts at BMO Capital Markets from $81.00 to $84.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 9.89% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. BNP Paribas reiterated an “underperform” rating and set a $70.00 target price on shares of ManpowerGroup in a research report on Friday, January 5th. JPMorgan Chase & Co. increased their target price on ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. StockNews.com cut ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. William Blair began coverage on ManpowerGroup in a research note on Monday, January 8th. They set a “market perform” rating on the stock. Finally, UBS Group cut their target price on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, ManpowerGroup currently has an average rating of “Hold” and a consensus price target of $83.00.

ManpowerGroup Stock Up 1.0 %

ManpowerGroup stock opened at $76.44 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.70 billion, a P/E ratio of 78.80, a P/E/G ratio of 0.64 and a beta of 1.54. The firm has a 50 day moving average price of $73.36 and a 200-day moving average price of $74.41. ManpowerGroup has a twelve month low of $67.35 and a twelve month high of $88.91.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. ManpowerGroup’s revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. As a group, equities analysts predict that ManpowerGroup will post 4.99 EPS for the current year.

Hedge Funds Weigh In On ManpowerGroup

Large investors have recently modified their holdings of the company. UBS Group AG raised its stake in shares of ManpowerGroup by 88.3% during the third quarter. UBS Group AG now owns 52,185 shares of the business services provider’s stock worth $3,826,000 after acquiring an additional 24,466 shares in the last quarter. ING Groep NV purchased a new position in ManpowerGroup in the 3rd quarter worth $1,019,000. Teachers Retirement System of The State of Kentucky lifted its stake in ManpowerGroup by 91.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,437 shares of the business services provider’s stock worth $1,278,000 after purchasing an additional 8,318 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in ManpowerGroup during the third quarter valued at about $1,603,000. Finally, Quantbot Technologies LP grew its stake in shares of ManpowerGroup by 376.8% during the third quarter. Quantbot Technologies LP now owns 23,688 shares of the business services provider’s stock valued at $1,737,000 after buying an additional 18,720 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

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.