ManpowerGroup (NYSE:MAN) Shares Down 4.9% – Time to Sell?

ManpowerGroup Inc. (NYSE:MAN) fell 4.9% on Monday . The company traded as low as $34.70 and last traded at $34.86. 261,696 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,164,874 shares. The stock had previously closed at $36.64.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird set a $50.00 target price on shares of ManpowerGroup in a research report on Friday, January 30th. Barclays dropped their price objective on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. BMO Capital Markets upgraded ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group upped their target price on shares of ManpowerGroup from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.13.

ManpowerGroup Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.00. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -113.22 and a beta of 0.88. The stock has a 50-day moving average of $30.52 and a 200 day moving average of $34.47.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.63 billion. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. ManpowerGroup’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 EPS. On average, analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current year.

Hedge Funds Weigh In On ManpowerGroup

A number of hedge funds and other institutional investors have recently made changes to their positions in MAN. PNC Financial Services Group Inc. grew its holdings in shares of ManpowerGroup by 11.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,756 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 280 shares in the last quarter. Huntington National Bank lifted its holdings in ManpowerGroup by 41.6% during the 2nd quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 293 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of ManpowerGroup by 1.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock worth $869,000 after buying an additional 296 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of ManpowerGroup by 72.5% during the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock worth $30,000 after buying an additional 337 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of ManpowerGroup by 3.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock worth $408,000 after buying an additional 348 shares during the period. 98.03% of the stock is owned by 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.