ManpowerGroup (NYSE:MAN) Reaches New 1-Year Low at $67.17

Shares of ManpowerGroup Inc. (NYSE:MAN) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $67.17 and last traded at $67.25, with a volume of 241892 shares. The stock had previously closed at $70.54.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MAN shares. JPMorgan Chase & Co. increased their price target on ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. BNP Paribas upgraded ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price target for the company in a research note on Tuesday, June 11th. UBS Group cut their price objective on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, BMO Capital Markets raised their price objective on ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.57.

ManpowerGroup Trading Up 3.0 %

The stock has a market cap of $3.29 billion, a PE ratio of 71.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50-day moving average price of $72.91 and a two-hundred day moving average price of $74.10.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The company 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%. The firm’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.61 earnings per share. Sell-side analysts forecast that ManpowerGroup Inc. will post 5 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were given a $1.54 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a yield of 3.8%. This is a positive change from ManpowerGroup’s previous semi-annual dividend of $1.47. ManpowerGroup’s dividend payout ratio (DPR) is currently 317.53%.

Institutional Trading of ManpowerGroup

Several institutional investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC lifted its stake in ManpowerGroup by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 8,701 shares of the business services provider’s stock worth $691,000 after purchasing an additional 138 shares during the last quarter. Hancock Whitney Corp lifted its stake in ManpowerGroup by 2.2% in the first quarter. Hancock Whitney Corp now owns 6,666 shares of the business services provider’s stock worth $518,000 after purchasing an additional 144 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in ManpowerGroup by 54.8% in the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after purchasing an additional 160 shares during the last quarter. Raymond James & Associates lifted its stake in ManpowerGroup by 5.2% in the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock worth $280,000 after purchasing an additional 173 shares during the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in ManpowerGroup by 62.4% in the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

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.