ManpowerGroup Inc. (NYSE:MAN) Given Consensus Rating of “Hold” by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have been assigned an average rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $69.33.

Several equities research analysts have recently weighed in on MAN shares. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group decreased their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Truist Financial reissued a “hold” rating and issued a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, Barclays decreased their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd.

Hedge Funds Weigh In On ManpowerGroup

A number of large investors have recently modified their holdings of the business. Cerity Partners LLC grew its holdings in ManpowerGroup by 5.5% during the third quarter. Cerity Partners LLC now owns 12,918 shares of the business services provider’s stock worth $950,000 after acquiring an additional 679 shares during the period. Bank of Montreal Can boosted its position in shares of ManpowerGroup by 161.2% during the 3rd quarter. Bank of Montreal Can now owns 36,328 shares of the business services provider’s stock worth $2,662,000 after purchasing an additional 22,421 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of ManpowerGroup by 168.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock worth $2,199,000 after purchasing an additional 18,764 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of ManpowerGroup in the 3rd quarter valued at about $1,140,000. Finally, Captrust Financial Advisors increased its holdings in shares of ManpowerGroup by 11.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 344 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Stock Down 1.0 %

MAN stock opened at $58.75 on Monday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 19.65 and a beta of 1.43. The company has a fifty day moving average price of $58.26 and a 200 day moving average price of $61.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. ManpowerGroup has a 12 month low of $53.31 and a 12 month high of $78.87.

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.