ManpowerGroup (NYSE:MAN) Upgraded to "Hold" at Wall Street Zen

ManpowerGroup (NYSE:MAN - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.

Other analysts have also issued research reports about the stock. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Truist Financial decreased their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. UBS Group decreased their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, BMO Capital Markets decreased their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $50.60.

ManpowerGroup Trading Down 0.2%

Shares of NYSE:MAN traded down $0.08 during mid-day trading on Friday, hitting $40.39. The company had a trading volume of 689,125 shares, compared to its average volume of 705,680. The firm has a fifty day moving average price of $41.61 and a 200 day moving average price of $51.43. The company has a market capitalization of $1.87 billion, a PE ratio of 17.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. ManpowerGroup has a one year low of $37.99 and a one year high of $78.22.

ManpowerGroup (NYSE:MAN - Get Free Report) last released 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). The company had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. ManpowerGroup had a net margin of 0.63% and a return on equity of 9.10%. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, research analysts forecast that ManpowerGroup will post 4.23 EPS for the current year.

Institutional Trading of ManpowerGroup

Several institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its stake in shares of ManpowerGroup by 601.5% in the 1st quarter. Acadian Asset Management LLC now owns 4,097 shares of the business services provider's stock worth $237,000 after acquiring an additional 3,513 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of ManpowerGroup in the 1st quarter worth $348,000. Bayforest Capital Ltd bought a new stake in shares of ManpowerGroup in the 1st quarter worth $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of ManpowerGroup by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider's stock worth $9,325,000 after acquiring an additional 13,906 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of ManpowerGroup by 3.2% in the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider's stock worth $778,000 after acquiring an additional 414 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

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.