ManpowerGroup (NYSE:MAN) Given New $48.00 Price Target at BMO Capital Markets

ManpowerGroup (NYSE:MAN - Free Report) had its price target cut by BMO Capital Markets from $54.00 to $48.00 in a report released on Monday,Benzinga reports. They currently have a market perform rating on the business services provider's stock.

Several other equities analysts have also recently commented on the stock. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Truist Financial decreased their target price on ManpowerGroup from $70.00 to $55.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. UBS Group dropped their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $57.50.

ManpowerGroup Stock Up 1.5 %

ManpowerGroup stock traded up $0.61 during midday trading on Monday, hitting $42.49. 853,838 shares of the company were exchanged, compared to its average volume of 617,207. 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 fifty-two week low of $39.22 and a fifty-two week high of $78.87. The company's fifty day moving average price is $54.17 and its 200-day moving average price is $58.56. The company has a market cap of $1.99 billion, a PE ratio of 14.21 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 for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The firm had revenue of $698.30 million for 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 previous year, the business posted $0.94 earnings per share. On average, research analysts predict that ManpowerGroup will post 4.23 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

Several hedge funds have recently added to or reduced their stakes in the business. Colonial Trust Co SC acquired a new position in shares of ManpowerGroup during the fourth quarter valued at $28,000. WFA Asset Management Corp acquired a new position in ManpowerGroup during the 4th quarter valued at about $35,000. Fifth Third Bancorp raised its position 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 buying an additional 243 shares in the last quarter. GAMMA Investing LLC lifted its position in ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after purchasing an additional 488 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after buying an additional 562 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

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.