ManpowerGroup Inc. (NYSE:MAN) Receives Average Rating of "Reduce" from Analysts

Key Points

• ManpowerGroup Inc. has received an average rating of "Reduce" from analysts, with one sell recommendation and five holds among the six ratings firms covering the stock.
• The average 1-year price target for ManpowerGroup shares is $46.40, reflecting an overall cautious outlook from analysts.
• Despite reporting earnings of $0.78 per share for the last quarter, which beat estimates, the company’s revenue decreased by 0.5% compared to the same quarter last year.

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have been assigned an average recommendation of "Reduce" from the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $46.40.

A number of equities analysts have commented on MAN shares. Truist Financial reduced their target price on shares of ManpowerGroup from $48.00 to $44.00 and set a "hold" rating on the stock in a research note on Monday. Wall Street Zen upgraded shares of ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. UBS Group decreased their price objective on ManpowerGroup from $46.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of ManpowerGroup in a research note on Wednesday, October 8th.

Institutional Trading of ManpowerGroup

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in shares of ManpowerGroup by 321.7% in the 2nd quarter. Allworth Financial LP now owns 662 shares of the business services provider's stock worth $27,000 after acquiring an additional 505 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in ManpowerGroup in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in ManpowerGroup by 103.3% in the third quarter. GAMMA Investing LLC now owns 799 shares of the business services provider's stock valued at $30,000 after purchasing an additional 406 shares during the period. Huntington National Bank lifted its stake in ManpowerGroup by 41.6% during the second quarter. Huntington National Bank now owns 997 shares of the business services provider's stock worth $40,000 after purchasing an additional 293 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after purchasing an additional 243 shares in the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Stock Down 6.7%

Shares of NYSE:MAN opened at $35.47 on Friday. ManpowerGroup has a 52-week low of $35.08 and a 52-week high of $70.58. The stock has a market cap of $1.64 billion, a P/E ratio of -93.34 and a beta of 1.08. The business has a fifty day moving average of $39.64 and a two-hundred day moving average of $42.18. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The firm had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The company's revenue was down .5% compared to the same quarter last year. On average, research analysts expect that ManpowerGroup will post 4.23 earnings per share for the current year.

ManpowerGroup Company Profile

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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