ManpowerGroup Inc. (NYSE:MAN) Given Average Recommendation of “Hold” by Brokerages

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

A number of analysts have recently weighed in on MAN shares. BNP Paribas upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a research note on Tuesday, June 11th. BMO Capital Markets boosted their target price on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th.

ManpowerGroup Trading Up 2.7 %

ManpowerGroup stock opened at $73.31 on Friday. ManpowerGroup has a one year low of $66.03 and a one year high of $80.57. The company’s fifty day moving average price is $71.36 and its two-hundred day moving average price is $73.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.17. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 75.58, a PEG ratio of 1.91 and a beta of 1.47.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) 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 company posted $1.58 EPS. The firm’s revenue was down 6.9% on a year-over-year basis. On average, analysts forecast that ManpowerGroup will post 4.87 earnings per share for the current fiscal year.

Institutional Trading of ManpowerGroup

A number of hedge funds have recently bought and sold shares of MAN. Abich Financial Wealth Management LLC raised its position in shares of ManpowerGroup by 62.4% during the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock valued at $45,000 after buying an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of ManpowerGroup in the 1st quarter worth approximately $47,000. Advisors Asset Management Inc. acquired a new stake in shares of ManpowerGroup during the 1st quarter worth approximately $49,000. Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth approximately $47,000. Finally, Innealta Capital LLC bought a new stake in shares of ManpowerGroup during the second quarter valued at approximately $50,000. 98.03% of the stock is owned by 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.