UBS Group Issues Positive Forecast for ManpowerGroup (NYSE:MAN) Stock Price

ManpowerGroup (NYSE:MAN - Free Report) had its price objective raised by UBS Group from $42.00 to $45.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the business services provider's stock.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. BMO Capital Markets decreased their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. Truist Financial decreased their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. cut their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $48.20.

ManpowerGroup Trading Down 2.1%

Shares of NYSE:MAN traded down $0.90 during trading on Monday, reaching $42.60. 354,503 shares of the stock were exchanged, compared to its average volume of 727,614. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.12 and a current ratio of 1.12. ManpowerGroup has a 12-month low of $37.99 and a 12-month high of $78.22. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 18.52 and a beta of 1.07. The firm's 50-day moving average price is $41.85 and its 200 day moving average price is $50.43.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. ManpowerGroup had a return on equity of 9.10% and a net margin of 0.63%. During the same quarter in the prior year, the company earned $0.94 EPS. On average, sell-side analysts anticipate that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup's payout ratio is 62.61%.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in ManpowerGroup by 36.1% during the first quarter. Invesco Ltd. now owns 2,608,221 shares of the business services provider's stock worth $150,964,000 after purchasing an additional 691,678 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in ManpowerGroup by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,532,196 shares of the business services provider's stock worth $146,564,000 after purchasing an additional 38,358 shares during the last quarter. AQR Capital Management LLC lifted its stake in ManpowerGroup by 10.7% during the first quarter. AQR Capital Management LLC now owns 2,503,668 shares of the business services provider's stock worth $144,912,000 after purchasing an additional 241,403 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in ManpowerGroup by 73.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider's stock worth $59,443,000 after purchasing an additional 434,480 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in ManpowerGroup by 4.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 865,394 shares of the business services provider's stock worth $50,089,000 after purchasing an additional 34,514 shares during the last quarter. 98.03% of the stock is currently 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.