ManpowerGroup (NYSE:MAN) PT Raised to $84.00 at JPMorgan Chase & Co.

ManpowerGroup (NYSE:MAN - Free Report) had its price objective lifted by JPMorgan Chase & Co. from $82.00 to $84.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a neutral rating on the business services provider's stock.

Other analysts have also recently issued reports about the company. BMO Capital Markets lowered their target price on ManpowerGroup from $86.00 to $85.00 and set a market perform rating on the stock in a research report on Thursday, February 1st. StockNews.com cut ManpowerGroup from a buy rating to a hold rating in a research report on Wednesday, January 31st. BNP Paribas restated an underperform rating and issued a $70.00 target price on shares of ManpowerGroup in a research report on Friday, January 5th. William Blair initiated coverage on ManpowerGroup in a research report on Monday, January 8th. They issued a market perform rating on the stock. Finally, Truist Financial increased their price target on ManpowerGroup from $75.00 to $78.00 and gave the company a hold rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $83.13.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock traded up $0.81 on Friday, reaching $74.84. 534,323 shares of the company were exchanged, compared to its average volume of 396,794. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. The company's 50-day moving average is $73.32 and its two-hundred day moving average is $74.37. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 0.60 and a beta of 1.54. ManpowerGroup has a 1-year low of $67.35 and a 1-year high of $88.91.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The business had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.44 billion. During the same period in the prior year, the firm earned $1.61 EPS. The business's quarterly revenue was down 7.3% on a year-over-year basis. As a group, research analysts expect that ManpowerGroup will post 5.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of ManpowerGroup by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider's stock worth $549,314,000 after acquiring an additional 17,691 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of ManpowerGroup by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 3,759,889 shares of the business services provider's stock worth $298,798,000 after acquiring an additional 137,668 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ManpowerGroup by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,066,520 shares of the business services provider's stock worth $164,227,000 after acquiring an additional 193,444 shares in the last quarter. State Street Corp boosted its stake in shares of ManpowerGroup by 4.1% during the 1st quarter. State Street Corp now owns 1,990,548 shares of the business services provider's stock worth $164,278,000 after acquiring an additional 78,884 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of ManpowerGroup by 67.2% during the 1st quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider's stock worth $172,812,000 after acquiring an additional 739,380 shares in the last quarter. 98.03% of the stock is 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.