Brokerages Set ManpowerGroup Inc. (NYSE:MAN) Target Price at $57.50

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) has earned an average rating of "Hold" from the six analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $57.50.

MAN has been the subject of a number of research analyst reports. Truist Financial reduced their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Barclays raised 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 research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price 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. BMO Capital Markets reduced their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, UBS Group lowered their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th.

ManpowerGroup Price Performance

MAN stock traded up $0.54 during mid-day trading on Friday, reaching $43.10. 1,789,788 shares of the company's stock were exchanged, compared to its average volume of 627,826. 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 $39.22 and a 12-month high of $78.87. The stock's 50 day moving average is $53.46 and its 200 day moving average is $58.06. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 14.41 and a beta of 1.28.

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

Institutional Investors Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cerity Partners LLC grew its stake in shares of ManpowerGroup by 17.7% in the 1st quarter. Cerity Partners LLC now owns 36,460 shares of the business services provider's stock valued at $2,110,000 after buying an additional 5,472 shares during the period. Linden Thomas Advisory Services LLC raised its position in ManpowerGroup by 20.4% in the first quarter. Linden Thomas Advisory Services LLC now owns 15,020 shares of the business services provider's stock valued at $869,000 after purchasing an additional 2,550 shares during the period. ARGA Investment Management LP lifted its stake in shares of ManpowerGroup by 539.8% in the 1st quarter. ARGA Investment Management LP now owns 587,048 shares of the business services provider's stock valued at $33,978,000 after purchasing an additional 495,296 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of ManpowerGroup by 7.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 30,106 shares of the business services provider's stock worth $1,743,000 after purchasing an additional 1,962 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in ManpowerGroup by 42.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,057 shares of the business services provider's stock valued at $814,000 after buying an additional 4,207 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.