Analysts Set ManpowerGroup Inc. (NYSE:MAN) Price Target at $48.20

Key Points

• Analysts currently rate ManpowerGroup Inc. (NYSE:MAN) with an average recommendation of "Hold" and a twelve-month target price of $48.20.
• The company's stock has seen a decrease of 4.8%, with recent quarterly earnings showing an EPS of $0.78, which surpassed expectations, but revenue fell by 0.5% year-over-year.
• ManpowerGroup declared a semi-annual dividend of $0.72, despite a negative payout ratio of -378.95%, indicating sustainability concerns regarding dividend payments.

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) has received a consensus rating of "Hold" from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $48.20.

Several brokerages recently issued reports on MAN. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. UBS Group boosted their price target on shares of ManpowerGroup from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Truist Financial cut their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen upgraded shares of ManpowerGroup from a "sell" rating to a "hold" rating in a research note on Friday, June 27th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Invesco Ltd. increased its position in shares of ManpowerGroup by 36.1% in the first quarter. Invesco Ltd. now owns 2,608,221 shares of the business services provider's stock valued at $150,964,000 after buying an additional 691,678 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of ManpowerGroup by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,532,196 shares of the business services provider's stock valued at $146,564,000 after buying an additional 38,358 shares in the last quarter. AQR Capital Management LLC increased its position in shares of ManpowerGroup by 10.7% in the first quarter. AQR Capital Management LLC now owns 2,503,668 shares of the business services provider's stock valued at $144,912,000 after buying an additional 241,403 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of ManpowerGroup by 73.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider's stock valued at $59,443,000 after buying an additional 434,480 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of ManpowerGroup by 4.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 865,394 shares of the business services provider's stock valued at $50,089,000 after buying an additional 34,514 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

ManpowerGroup Price Performance

ManpowerGroup stock traded down $0.62 during trading on Friday, reaching $38.63. The company had a trading volume of 909,259 shares, compared to its average volume of 924,222. The firm's 50-day simple moving average is $42.18 and its 200 day simple moving average is $49.01. ManpowerGroup has a 1-year low of $37.99 and a 1-year high of $75.57. The firm has a market capitalization of $1.79 billion, a PE ratio of -101.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 0.98.

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

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.