ManpowerGroup (NYSE:MAN) Stock Rating Upgraded by The Goldman Sachs Group

Key Points

• The Goldman Sachs Group upgraded ManpowerGroup from "sell" to "neutral" and set a $30 price target, implying about a 13.6% upside from the prior close.
• Analyst views are mixed: two analysts rate MAN a Buy, five Hold and one Sell, with a consensus rating of "Hold" and a consensus price target of $40.25, while individual targets range roughly from $35 to $50 and several firms recently raised ratings.
• ManpowerGroup beat Q4 estimates (EPS $0.92 vs. $0.83; revenue $4.71B, +6.8% year‑over‑year) but still shows a negative net margin and negative P/E, trading around $26 with a market cap near $1.23 billion.

ManpowerGroup (NYSE:MAN - Get Free Report) was upgraded by The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a $30.00 price objective on the business services provider's stock. The Goldman Sachs Group's price target points to a potential upside of 13.61% from the stock's previous close.

A number of other analysts have also issued reports on MAN. UBS Group set a $35.00 price target on shares of ManpowerGroup in a research note on Friday, January 30th. Robert W. Baird set a $50.00 target price on shares of ManpowerGroup in a report on Friday, January 30th. Argus raised shares of ManpowerGroup from a "hold" rating to a "buy" rating and set a $42.00 price target for the company in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of ManpowerGroup from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Finally, BMO Capital Markets raised ManpowerGroup from a "market perform" rating to an "outperform" rating and set a $44.00 price objective on the stock in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $40.25.

ManpowerGroup Trading Up 0.8%

MAN opened at $26.41 on Wednesday. ManpowerGroup has a 52 week low of $25.15 and a 52 week high of $61.09. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $30.02 and a 200-day simple moving average of $31.93. The firm has a market cap of $1.23 billion, a P/E ratio of -88.01 and a beta of 0.91.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the previous year, the business earned $1.02 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts expect that ManpowerGroup will post 4.23 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of ManpowerGroup by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,211,092 shares of the business services provider's stock valued at $235,400,000 after purchasing an additional 19,501 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of ManpowerGroup by 60.3% during the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider's stock worth $140,394,000 after purchasing an additional 1,393,622 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of ManpowerGroup by 24.6% during the fourth quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider's stock worth $66,817,000 after purchasing an additional 443,790 shares in the last quarter. State Street Corp grew its stake in shares of ManpowerGroup by 2.0% during the fourth quarter. State Street Corp now owns 1,616,447 shares of the business services provider's stock worth $48,057,000 after purchasing an additional 31,749 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in ManpowerGroup by 77.3% in the fourth quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider's stock valued at $45,366,000 after buying an additional 665,135 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

About ManpowerGroup

ManpowerGroup NYSE: MAN is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company's service offerings are organized into four principal brands.

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