ManpowerGroup (NYSE:MAN) Price Target Cut to $80.00 by Analysts at UBS Group

ManpowerGroup (NYSE:MAN - Free Report) had its price target cut by UBS Group from $81.00 to $80.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the business services provider's stock.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets reduced 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. Truist Financial lifted their target price on ManpowerGroup from $75.00 to $78.00 and gave the company a hold rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their target price on ManpowerGroup from $82.00 to $84.00 and gave the company a neutral rating in a research report on Friday. StockNews.com downgraded ManpowerGroup from a buy rating to a hold rating in a research report on Wednesday, January 31st. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $83.13.

ManpowerGroup Trading Up 1.1 %

NYSE MAN 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 business's fifty day moving average price is $73.32 and its 200 day moving average price is $74.37. The stock has a market capitalization of $3.62 billion, a P/E ratio of 44.81, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. ManpowerGroup has a fifty-two week low of $67.35 and a fifty-two week high of $88.91.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a return on equity of 12.60% and a net margin of 0.47%. The firm's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. Analysts forecast that ManpowerGroup will post 5.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in 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 purchasing an additional 17,691 shares in the last quarter. Victory Capital Management Inc. boosted its position 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 position 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 position 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 position 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 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.