ManpowerGroup Inc. (NYSE:MAN) Receives $76.60 Consensus Price Target from Analysts

ManpowerGroup Inc. (NYSE:MAN) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $76.60.

A number of equities research analysts recently weighed in on MAN shares. BMO Capital Markets decreased their target price on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. Truist Financial decreased their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th. JPMorgan Chase & Co. cut their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Finally, UBS Group decreased their price target on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th.

ManpowerGroup Stock Performance

NYSE MAN opened at $63.30 on Friday. The company’s fifty day moving average is $70.14 and its two-hundred day moving average is $71.96. ManpowerGroup has a 52-week low of $61.53 and a 52-week high of $80.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.14. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 80.13 and a beta of 1.46.

Insider Buying and Selling at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of $62.28 per share, with a total value of $498,240.00. Following the acquisition, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MAN. Blue Trust Inc. increased its holdings in ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of ManpowerGroup by 62.4% in 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 position in shares of ManpowerGroup in the first quarter valued at about $47,000. Headlands Technologies LLC acquired a new position in ManpowerGroup during the 2nd quarter worth about $47,000. Finally, Advisors Asset Management Inc. bought a new stake in ManpowerGroup during the 1st quarter worth about $49,000. 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.