ManpowerGroup (NYSE:MAN) Price Target Cut to $71.00 by Analysts at BMO Capital Markets

ManpowerGroup (NYSE:MAN) had its price target trimmed by BMO Capital Markets from $87.00 to $71.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a market perform rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. UBS Group cut their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday. Truist Financial decreased their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.60.

ManpowerGroup Trading Down 2.7 %

NYSE MAN opened at $65.25 on Friday. ManpowerGroup has a twelve month low of $64.35 and a twelve month high of $80.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 67.27 and a beta of 1.45. The firm’s 50 day moving average price is $71.72 and its two-hundred day moving average price is $72.67.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MAN. Wellington Management Group LLP lifted its position in shares of ManpowerGroup by 1.6% during the fourth quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock worth $87,151,000 after purchasing an additional 17,481 shares during the last quarter. Vanguard Group Inc. increased its holdings in ManpowerGroup by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock valued at $549,314,000 after buying an additional 17,691 shares in the last quarter. ARGA Investment Management LP lifted its stake in ManpowerGroup by 22.6% in the 1st quarter. ARGA Investment Management LP now owns 48,396 shares of the business services provider’s stock valued at $3,757,000 after buying an additional 8,916 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of ManpowerGroup by 25.6% in the first quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 278 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of ManpowerGroup by 11.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 149,375 shares of the business services provider’s stock worth $11,597,000 after purchasing an additional 15,438 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.