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

Key Points

• Analysts have given ManpowerGroup a consensus rating of "Hold" from eight covering firms (1 sell, 5 hold, 2 buy) with an average 12‑month price target of $40.25.
• Shares opened at about $28.70 (market cap ~$1.33B) after the company beat quarterly estimates with $0.92 EPS vs. $0.83 and revenue of $4.71B, up 6.8% year‑over‑year.

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.25.

A number of research firms have recently weighed in on MAN. UBS Group set a $35.00 target price on ManpowerGroup in a report on Friday, January 30th. BMO Capital Markets raised ManpowerGroup from a "market perform" rating to an "outperform" rating and set a $44.00 target price for the company in a report on Thursday, December 18th. Wall Street Zen downgraded ManpowerGroup from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. The Goldman Sachs Group raised ManpowerGroup from a "sell" rating to a "neutral" rating and set a $30.00 target price for the company in a report on Wednesday, March 18th. Finally, Barclays dropped their target price on ManpowerGroup from $42.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, March 6th.

ManpowerGroup Trading Up 3.0%

Shares of ManpowerGroup stock opened at $28.70 on Friday. The business has a fifty day simple moving average of $29.24 and a two-hundred day simple moving average of $30.73. ManpowerGroup has a 1 year low of $25.15 and a 1 year high of $52.38. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -95.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the firm posted $1.02 EPS. The company's quarterly revenue was up 6.8% on a year-over-year basis. Research analysts forecast that ManpowerGroup will post 4.23 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Treasurer of the State of North Carolina lifted its holdings in 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 purchasing an additional 296 shares in the last quarter. True Wealth Design LLC lifted its holdings in 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 purchasing an additional 337 shares in the last quarter. Cetera Investment Advisers lifted its holdings in 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 purchasing an additional 348 shares in the last quarter. Quarry LP lifted its holdings in ManpowerGroup by 55.3% during the 4th quarter. Quarry LP now owns 1,034 shares of the business services provider's stock worth $31,000 after purchasing an additional 368 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in ManpowerGroup by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider's stock worth $30,000 after purchasing an additional 406 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

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.

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