Shares of ManpowerGroup Inc. (NYSE:MAN – Get Free Report) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $82.40.
Several research firms recently commented on MAN. BMO Capital Markets boosted their price target on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating 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 price target on the stock 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 on the stock in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th.
Check Out Our Latest Stock Report on MAN
Hedge Funds Weigh In On ManpowerGroup
ManpowerGroup Stock Up 2.3 %
Shares of NYSE:MAN opened at $77.13 on Wednesday. The stock’s 50-day moving average price is $71.96 and its two-hundred day moving average price is $73.58. The company has a current ratio of 1.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45. ManpowerGroup has a 12-month low of $66.03 and a 12-month high of $80.57. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 79.52, a PEG ratio of 1.92 and a beta of 1.47.
ManpowerGroup (NYSE:MAN – Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the business posted $1.58 EPS. On average, research analysts forecast that ManpowerGroup will post 4.87 EPS for the current year.
ManpowerGroup Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a $1.54 dividend. This represents a dividend yield of 3.8%. This is a positive change from ManpowerGroup’s previous semi-annual dividend of $1.47. The ex-dividend date of this dividend was Monday, June 3rd. ManpowerGroup’s dividend payout ratio is presently 317.53%.
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.
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