Truist Financial Cuts ManpowerGroup (NYSE:MAN) Price Target to $74.00

ManpowerGroup (NYSE:MAN) had its target price reduced by Truist Financial from $78.00 to $74.00 in a research report report published on Friday, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

A number of other analysts have also issued reports on the company. UBS Group decreased their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday. BMO Capital Markets boosted their target price on shares of ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.60.

ManpowerGroup Price Performance

MAN stock opened at $62.59 on Friday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 64.53 and a beta of 1.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. ManpowerGroup has a 52-week low of $62.12 and a 52-week high of $80.25. The stock’s fifty day simple moving average is $71.58 and its 200-day simple moving average is $72.57.

Hedge Funds Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in ManpowerGroup by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock valued at $549,314,000 after buying an additional 17,691 shares during the period. Victory Capital Management Inc. grew its stake in ManpowerGroup by 4.7% during the second quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock worth $287,987,000 after buying an additional 183,527 shares during the period. Dimensional Fund Advisors LP increased its position in shares of ManpowerGroup by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock worth $160,539,000 after acquiring an additional 103,059 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of ManpowerGroup by 55.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock valued at $112,264,000 after acquiring an additional 573,027 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of ManpowerGroup by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock valued at $87,151,000 after acquiring an additional 17,481 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

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.