ManpowerGroup (NYSE:MAN) Sets New 1-Year Low – What’s Next?

ManpowerGroup Inc. (NYSE:MAN) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $51.29 and last traded at $51.78, with a volume of 97537 shares changing hands. The stock had previously closed at $54.62.

Analyst Upgrades and Downgrades

MAN has been the topic of several analyst reports. Truist Financial reaffirmed a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. UBS Group lowered their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays reduced their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.33.

ManpowerGroup Stock Down 4.5 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The business’s 50 day moving average is $57.86 and its 200-day moving average is $61.52. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 17.45 and a beta of 1.28.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MAN. 111 Capital purchased a new stake in ManpowerGroup during the 4th quarter worth approximately $573,000. Wealth Enhancement Advisory Services LLC increased its position in shares of ManpowerGroup by 118.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,506 shares of the business services provider’s stock worth $1,299,000 after purchasing an additional 12,226 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of ManpowerGroup during the fourth quarter worth approximately $2,790,000. Mackenzie Financial Corp raised its stake in ManpowerGroup by 122.8% in the 4th quarter. Mackenzie Financial Corp now owns 55,554 shares of the business services provider’s stock valued at $3,207,000 after purchasing an additional 30,622 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in ManpowerGroup in the 4th quarter valued at $1,667,000. Institutional investors and hedge funds 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.