ManpowerGroup (NYSE:MAN) Given New $50.00 Price Target at JPMorgan Chase & Co.

ManpowerGroup (NYSE:MAN - Free Report) had its price target lowered by JPMorgan Chase & Co. from $65.00 to $50.00 in a research note issued to investors on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the business services provider's stock.

Several other analysts have also recently weighed in on MAN. BMO Capital Markets dropped their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Barclays upgraded 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. UBS Group decreased their target price 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, Truist Financial dropped their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $57.50.

ManpowerGroup Stock Up 1.5 %

Shares of ManpowerGroup stock traded up $0.61 on Monday, hitting $42.49. The company had a trading volume of 853,838 shares, compared to its average volume of 617,207. The stock has a 50-day moving average of $54.17 and a 200-day moving average of $58.56. ManpowerGroup has a twelve month low of $39.22 and a twelve month high of $78.87. The firm has a market capitalization of $1.99 billion, a P/E ratio of 14.21 and a beta of 1.28. 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 (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The company had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the business earned $0.94 EPS. Research analysts predict that ManpowerGroup will post 4.23 earnings per share for the current year.

Institutional Trading of ManpowerGroup

Institutional investors have recently added to or reduced their stakes in the stock. Colonial Trust Co SC bought a new stake in ManpowerGroup during the fourth quarter valued at $28,000. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the fourth quarter worth approximately $35,000. Fifth Third Bancorp lifted its stake in shares of ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after buying an additional 243 shares in the last quarter. GAMMA Investing LLC boosted its stake in ManpowerGroup by 190.6% during the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after purchasing an additional 488 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of 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 during the last quarter. 98.03% of the stock is currently owned by institutional investors.

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.