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

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have earned a consensus recommendation of "Hold" from the five ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have covered the stock in the last year is $50.60.

A number of equities research analysts recently commented on the stock. Truist Financial lowered their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. UBS Group decreased their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. BMO Capital Markets cut their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen downgraded shares of ManpowerGroup from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. Colonial Trust Co SC purchased a new position in shares of ManpowerGroup in the 4th quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ManpowerGroup during the 1st quarter worth approximately $30,000. Fifth Third Bancorp grew 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 purchasing an additional 243 shares during the period. GAMMA Investing LLC grew its stake in ManpowerGroup by 190.6% in the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after acquiring an additional 488 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after acquiring an additional 562 shares during the period. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $40.32 on Friday. ManpowerGroup has a 52-week low of $38.10 and a 52-week high of $78.22. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 13.48 and a beta of 1.08. The company has a fifty day moving average of $43.40 and a 200-day moving average of $53.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

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

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.72 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 2nd. 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.

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