ManpowerGroup (NYSE:MAN) Price Target Cut to $80.00 by Analysts at UBS Group

ManpowerGroup (NYSE:MAN) had its target price cut by research analysts at UBS Group from $81.00 to $80.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target indicates a potential upside of 7.40% from the stock’s current price.

A number of other research firms have also recently weighed in on MAN. BNP Paribas reaffirmed an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a report on Friday, January 5th. Truist Financial increased their price objective on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. William Blair assumed coverage on ManpowerGroup in a research report on Monday, January 8th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. increased their price objective on ManpowerGroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday. Finally, BMO Capital Markets decreased their price objective on ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, ManpowerGroup has a consensus rating of “Hold” and an average target price of $83.13.

ManpowerGroup Price Performance

Shares of MAN traded up $0.46 during mid-day trading on Friday, reaching $74.49. The company had a trading volume of 73,406 shares, compared to its average volume of 390,547. The company’s 50-day moving average is $73.28 and its 200-day moving average is $74.35. ManpowerGroup has a twelve month low of $67.35 and a twelve month high of $88.91. The company has a market capitalization of $3.60 billion, a P/E ratio of 44.78, a P/E/G ratio of 0.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm posted $1.61 EPS. The business’s revenue was down 7.3% on a year-over-year basis. On average, equities analysts anticipate that ManpowerGroup will post 5.01 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Michigan Retirement System lifted its holdings in ManpowerGroup by 2.6% during the first quarter. State of Michigan Retirement System now owns 11,963 shares of the business services provider’s stock worth $929,000 after acquiring an additional 300 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in ManpowerGroup by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 149,375 shares of the business services provider’s stock worth $11,597,000 after acquiring an additional 15,438 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in ManpowerGroup by 25.6% during the first quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the business services provider’s stock worth $106,000 after acquiring an additional 278 shares in the last quarter. ARGA Investment Management LP lifted its holdings in ManpowerGroup by 22.6% during the first quarter. ARGA Investment Management LP now owns 48,396 shares of the business services provider’s stock worth $3,757,000 after acquiring an additional 8,916 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in ManpowerGroup by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock worth $549,314,000 after acquiring an additional 17,691 shares in the last quarter. 98.03% of the stock is currently owned by 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.