ManpowerGroup Inc. (NYSE:MAN) Receives Average Recommendation of “Hold” from Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $69.33.

MAN has been the subject of a number of analyst reports. Barclays decreased their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Truist Financial restated a “hold” rating and set a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, UBS Group cut their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th.

ManpowerGroup Trading Down 2.1 %

NYSE:MAN opened at $58.62 on Thursday. ManpowerGroup has a 52 week low of $53.31 and a 52 week high of $78.87. The firm has a 50 day moving average of $57.74 and a 200 day moving average of $63.17. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.60 and a beta of 1.43.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Commerce Bank increased its stake in shares of ManpowerGroup by 4.1% in the third quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock worth $314,000 after acquiring an additional 167 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of ManpowerGroup by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock worth $2,745,000 after acquiring an additional 234 shares during the period. State of Alaska Department of Revenue increased its stake in shares of ManpowerGroup by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock worth $405,000 after acquiring an additional 235 shares during the period. Vident Advisory LLC increased its stake in shares of ManpowerGroup by 2.8% in the fourth quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider’s stock worth $618,000 after acquiring an additional 290 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of ManpowerGroup by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock worth $240,000 after acquiring an additional 344 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Company Profile

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.