ManpowerGroup (NYSE:MAN) Sets New 12-Month Low – Here’s Why

ManpowerGroup Inc. (NYSE:MAN) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $26.13 and last traded at $26.19, with a volume of 1864969 shares traded. The stock had previously closed at $28.66.

Wall Street Analyst Weigh In

MAN has been the topic of a number of research analyst reports. Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a research note on Monday, December 29th. Robert W. Baird set a $50.00 target price on ManpowerGroup in a research report on Friday, January 30th. The Goldman Sachs Group boosted their target price on ManpowerGroup from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Finally, UBS Group set a $35.00 price target on ManpowerGroup in a research note on Friday, January 30th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, ManpowerGroup has an average rating of “Hold” and a consensus target price of $41.13.

ManpowerGroup Price Performance

The business’s 50 day moving average is $30.88 and its two-hundred day moving average is $33.64. 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 firm has a market capitalization of $1.21 billion, a PE ratio of -87.30 and a beta of 0.88.

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

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC boosted its position in shares of ManpowerGroup by 558.9% in the fourth quarter. Corient Private Wealth LLC now owns 83,408 shares of the business services provider’s stock valued at $2,480,000 after acquiring an additional 70,749 shares during the period. Vident Advisory LLC lifted its stake in ManpowerGroup by 38.5% in the 4th quarter. Vident Advisory LLC now owns 23,877 shares of the business services provider’s stock worth $710,000 after purchasing an additional 6,640 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in ManpowerGroup in the 4th quarter valued at $318,000. Empowered Funds LLC boosted its holdings in ManpowerGroup by 10.7% in the 4th quarter. Empowered Funds LLC now owns 163,123 shares of the business services provider’s stock valued at $4,850,000 after purchasing an additional 15,743 shares during the period. Finally, XTX Topco Ltd grew its position in shares of ManpowerGroup by 274.8% during the 4th quarter. XTX Topco Ltd now owns 65,601 shares of the business services provider’s stock valued at $1,950,000 after purchasing an additional 48,099 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

About ManpowerGroup

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.