ManpowerGroup Inc. (NYSE:MAN) Receives Average Rating of “Hold” from Analysts

ManpowerGroup Inc. (NYSE:MAN) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $82.40.

MAN has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price for the company in a research report on Tuesday, June 11th. UBS Group reduced their price target on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, BMO Capital Markets increased their price target on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a report on Friday, July 19th.

ManpowerGroup Price Performance

MAN stock opened at $74.81 on Wednesday. The stock has a 50-day moving average price of $71.91 and a two-hundred day moving average price of $73.59. ManpowerGroup has a 12-month low of $66.03 and a 12-month high of $81.79. The company has a current ratio of 1.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.57 billion, a PE ratio of 77.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.47.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. The company’s revenue was down 6.9% compared to the same quarter last year. As a group, research analysts predict that ManpowerGroup will post 4.87 EPS for the current year.

ManpowerGroup Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.54 per share. The ex-dividend date was Monday, June 3rd. This represents a yield of 3.8%. This is a boost from ManpowerGroup’s previous semi-annual dividend of $1.47. ManpowerGroup’s dividend payout ratio is presently 317.53%.

Institutional Trading of ManpowerGroup

Several institutional investors and hedge funds have recently bought and sold shares of MAN. SG Americas Securities LLC acquired a new stake in ManpowerGroup during the fourth quarter valued at approximately $247,000. Raymond James & Associates raised its stake in ManpowerGroup by 5.2% during the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock valued at $280,000 after buying an additional 173 shares in the last quarter. Pacer Advisors Inc. raised its stake in ManpowerGroup by 75.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,334 shares of the business services provider’s stock valued at $583,000 after buying an additional 3,144 shares in the last quarter. Uncommon Cents Investing LLC raised its stake in ManpowerGroup by 21.8% during the fourth quarter. Uncommon Cents Investing LLC now owns 19,495 shares of the business services provider’s stock valued at $1,549,000 after buying an additional 3,490 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Company Profile

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.