ManpowerGroup (NYSE:MAN) Shares Gap Up to $70.07

ManpowerGroup Inc. (NYSE:MAN - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $70.07, but opened at $75.92. ManpowerGroup shares last traded at $74.45, with a volume of 74,249 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on MAN shares. StockNews.com cut ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. William Blair initiated coverage on ManpowerGroup in a research report on Monday, January 8th. They set a "market perform" rating for the company. BNP Paribas reiterated an "underperform" rating and set a $70.00 price target on shares of ManpowerGroup in a research report on Friday, January 5th. BMO Capital Markets reduced their price target on ManpowerGroup from $86.00 to $85.00 and set a "market perform" rating for the company in a research report on Thursday, February 1st. Finally, Truist Financial lifted their price target on ManpowerGroup from $75.00 to $78.00 and gave the company a "hold" rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $83.00.

ManpowerGroup Price Performance

The firm has a market capitalization of $3.58 billion, a PE ratio of 44.33, a PEG ratio of 0.60 and a beta of 1.54. The stock has a 50-day moving average price of $73.28 and a 200 day moving average price of $74.35. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.26. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.57 billion. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The business's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.08 earnings per share. Equities analysts forecast that ManpowerGroup Inc. will post 5.01 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

A number of institutional investors have recently made changes to their positions in the company. CWM LLC boosted its stake in ManpowerGroup by 345.1% during the third quarter. CWM LLC now owns 365 shares of the business services provider's stock worth $27,000 after buying an additional 283 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider's stock worth $36,000 after buying an additional 160 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in ManpowerGroup by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider's stock worth $74,000 after buying an additional 162 shares during the last quarter. Captrust Financial Advisors boosted its stake in ManpowerGroup by 72.6% during the first quarter. Captrust Financial Advisors now owns 858 shares of the business services provider's stock worth $81,000 after buying an additional 361 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in ManpowerGroup by 145.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider's stock worth $86,000 after buying an additional 644 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

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.