ManpowerGroup (NYSE:MAN) Upgraded at Argus

ManpowerGroup (NYSE:MAN) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has a $42.00 target price on the business services provider’s stock. Argus’ price objective would suggest a potential upside of 14.39% from the stock’s previous close.

Several other brokerages also recently weighed in on MAN. The Goldman Sachs Group reaffirmed a “sell” rating and set a $30.00 target price on shares of ManpowerGroup in a research note on Tuesday. UBS Group set a $35.00 price objective on ManpowerGroup in a research report on Friday. Barclays cut their price target on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. Truist Financial decreased their price target on shares of ManpowerGroup from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Robert W. Baird set a $50.00 target price on shares of ManpowerGroup in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and a consensus price target of $41.13.

ManpowerGroup Stock Performance

NYSE:MAN opened at $36.72 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.11. The company has a 50 day moving average price of $29.91 and a 200 day moving average price of $34.69. ManpowerGroup has a fifty-two week low of $26.14 and a fifty-two week high of $63.35. The stock has a market capitalization of $1.70 billion, a P/E ratio of -122.39 and a beta of 0.88.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the previous year, the business earned $1.02 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that ManpowerGroup will post 4.23 EPS for the current year.

Institutional Investors Weigh In On ManpowerGroup

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. acquired a new stake in ManpowerGroup during the first quarter worth approximately $219,000. Goldman Sachs Group Inc. boosted its holdings in shares of ManpowerGroup by 12.5% during the first quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock worth $20,109,000 after purchasing an additional 38,710 shares during the last quarter. Empowered Funds LLC grew its position in shares of ManpowerGroup by 3.2% in the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after purchasing an additional 414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in ManpowerGroup by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after purchasing an additional 13,906 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in ManpowerGroup during the first quarter worth about $348,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.