Analysts Set ManpowerGroup Inc. (NYSE:MAN) PT at $82.40

Shares of ManpowerGroup Inc. (NYSE:MAN) 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.

Hedge Funds Weigh In On ManpowerGroup

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of ManpowerGroup by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 569,472 shares of the business services provider’s stock valued at $45,256,000 after acquiring an additional 12,757 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of ManpowerGroup by 510.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 40,206 shares of the business services provider’s stock valued at $3,122,000 after acquiring an additional 33,623 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of ManpowerGroup in the 1st quarter valued at approximately $1,290,000. Kovitz Investment Group Partners LLC increased its holdings in shares of ManpowerGroup by 13.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 111,605 shares of the business services provider’s stock valued at $8,869,000 after acquiring an additional 13,422 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of ManpowerGroup by 72.8% in the 1st quarter. Russell Investments Group Ltd. now owns 199,045 shares of the business services provider’s stock valued at $15,453,000 after acquiring an additional 83,827 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

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) 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.