ManpowerGroup (NYSE:MAN) PT Lowered to $71.00

ManpowerGroup (NYSE:MAN) had its price target lowered by investment analysts at UBS Group from $78.00 to $71.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 8.81% from the company’s previous close.

A number of other brokerages also recently issued reports on MAN. JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. BMO Capital Markets lifted their price target on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, ManpowerGroup has an average rating of “Hold” and a consensus price target of $76.60.

ManpowerGroup Stock Down 2.7 %

Shares of NYSE MAN opened at $65.25 on Friday. ManpowerGroup has a 52 week low of $64.35 and a 52 week high of $80.25. The business has a 50-day simple moving average of $71.72 and a two-hundred day simple moving average of $72.67. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.11 billion, a P/E ratio of 67.27 and a beta of 1.45.

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

Hedge Funds Weigh In On ManpowerGroup

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after purchasing an additional 375 shares during the period. Abich Financial Wealth Management LLC increased its stake in ManpowerGroup by 62.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after purchasing an additional 224 shares during the period. FinTrust Capital Advisors LLC purchased a new position in ManpowerGroup in the 1st quarter worth approximately $47,000. Advisors Asset Management Inc. purchased a new position in ManpowerGroup in the 1st quarter worth approximately $49,000. Finally, Headlands Technologies LLC purchased a new position in ManpowerGroup in the 2nd quarter worth approximately $47,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

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.