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

ManpowerGroup Inc. (NYSE:MAN) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $82.40.

Several equities research analysts recently weighed in on MAN shares. BMO Capital Markets boosted their target price on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. dropped their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, July 19th.

ManpowerGroup Stock Performance

NYSE MAN opened at $71.45 on Monday. The company has a market cap of $3.41 billion, a P/E ratio of 73.66 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50-day moving average of $71.73 and a two-hundred day moving average of $72.88. ManpowerGroup has a 1-year low of $66.03 and a 1-year high of $80.25.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. As a group, analysts anticipate that ManpowerGroup will post 4.87 EPS for the current year.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently added to or reduced their stakes in MAN. Abich Financial Wealth Management LLC increased its stake in ManpowerGroup by 62.4% during the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in ManpowerGroup during the first quarter worth about $47,000. Headlands Technologies LLC acquired a new stake in ManpowerGroup during the second quarter worth about $47,000. Advisors Asset Management Inc. acquired a new stake in ManpowerGroup during the first quarter worth about $49,000. Finally, Innealta Capital LLC acquired a new stake in ManpowerGroup during the second quarter worth about $50,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.