ManpowerGroup Inc. (NYSE:MAN) Given Consensus Recommendation of "Hold" by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have been assigned an average rating of "Hold" from the six ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $57.50.

A number of research firms recently weighed in on MAN. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Wall Street Zen downgraded shares of ManpowerGroup from a "hold" rating to a "sell" rating in a research report on Wednesday. Truist Financial dropped their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. BMO Capital Markets dropped their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, UBS Group dropped their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th.

Institutional Investors Weigh In On ManpowerGroup

A number of institutional investors and hedge funds have recently modified their holdings of the company. SummerHaven Investment Management LLC raised its holdings in shares of ManpowerGroup by 2.1% in the 1st quarter. SummerHaven Investment Management LLC now owns 11,657 shares of the business services provider's stock valued at $675,000 after purchasing an additional 238 shares during the period. Fifth Third Bancorp boosted its stake in shares of ManpowerGroup by 48.6% during the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after acquiring an additional 243 shares during the period. CW Advisors LLC boosted its stake in shares of ManpowerGroup by 4.1% during the 1st quarter. CW Advisors LLC now owns 6,953 shares of the business services provider's stock worth $402,000 after acquiring an additional 273 shares during the period. Principal Financial Group Inc. boosted its stake in shares of ManpowerGroup by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 107,969 shares of the business services provider's stock worth $6,249,000 after acquiring an additional 278 shares during the period. Finally, Vident Advisory LLC boosted its stake in shares of ManpowerGroup by 2.8% during the 4th quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider's stock worth $618,000 after acquiring an additional 290 shares during the period. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Trading Down 2.2%

Shares of ManpowerGroup stock traded down $0.94 during trading hours on Tuesday, hitting $42.09. The company's stock had a trading volume of 578,535 shares, compared to its average volume of 669,550. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. ManpowerGroup has a 12 month low of $38.10 and a 12 month high of $78.22. The stock has a 50 day moving average of $47.95 and a 200 day moving average of $55.25. The company has a market capitalization of $1.95 billion, a PE ratio of 14.08 and a beta of 1.09.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter in the previous year, the firm posted $0.94 EPS. Analysts predict that ManpowerGroup will post 4.23 earnings per share for the current year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's payout ratio is 62.61%.

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.