ManpowerGroup (NYSE:MAN) Shares Gap Down - What's Next?

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $44.25, but opened at $40.95. ManpowerGroup shares last traded at $42.36, with a volume of 160,488 shares trading hands.

Analyst Upgrades and Downgrades

MAN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Truist Financial lowered their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. BMO Capital Markets lowered their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, 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 note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ManpowerGroup currently has an average rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company's 50 day moving average is $51.33 and its 200 day moving average is $56.76. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.87 and a beta of 1.09.

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

ManpowerGroup Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.72 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 2nd. ManpowerGroup's payout ratio is presently 133.91%.

Institutional Trading of ManpowerGroup

Several institutional investors and hedge funds have recently modified their holdings of the business. Colonial Trust Co SC acquired a new stake in ManpowerGroup in the fourth quarter valued at approximately $28,000. WFA Asset Management Corp bought a new position in ManpowerGroup in the fourth quarter valued at about $35,000. Fifth Third Bancorp boosted its stake in shares of ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after purchasing an additional 243 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ManpowerGroup by 190.6% during 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 last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of ManpowerGroup by 171.3% in 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 period. 98.03% of the stock is currently owned by institutional investors.

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.