ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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 management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. In addition, the company provides workforce consulting services; contingent staffing and permanent recruitment services; professional resourcing and project-based solutions in information technology, engineering, and finance fields; solutions in the areas of organizational efficiency, individual development, and career mobility; and recruitment process outsourcing, TAPFIN managed, and talent based outsourcing services, as well as Proservia services in the areas of digital services market and IT infrastructure sector. It operates through a network of approximately 2,200 offices in 75 countries and territories. The company was incorporated in 1948 and is based in Milwaukee, Wisconsin.
Analysts Set New Price Targets
MAN has been the topic of a number of recent analyst reports. Robert W. Baird cut their target price on ManpowerGroup from $120.00 to $94.00 in a research report on Friday, July 15th. StockNews.com lowered ManpowerGroup from a "buy" rating to a "hold" rating in a research report on Monday, July 11th. Credit Suisse Group cut their target price on ManpowerGroup to $80.00 in a research report on Friday, July 22nd. Barclays dropped their price target on ManpowerGroup from $100.00 to $80.00 and set an "underweight" rating on the stock in a research report on Friday, July 22nd. Finally, Truist Financial lowered ManpowerGroup from a "buy" rating to a "hold" rating and set a $80.00 price target on the stock. in a research report on Friday, July 15th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $82.67.
ManpowerGroup Stock Performance
MAN Stock opened at $82.51 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $4.27 billion, a P/E ratio of 10.63, a P/E/G ratio of 0.92 and a beta of 1.70. ManpowerGroup has a 12-month low of $73.66 and a 12-month high of $123.84. The stock's 50 day simple moving average is $78.40 and its 200 day simple moving average is $89.63.
ManpowerGroup (NYSE:MAN - Get Rating) last issued its quarterly earnings data on Tuesday, July 19th. The business services provider reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.02. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.28 billion. ManpowerGroup had a return on equity of 18.15% and a net margin of 2.04%. As a group, equities research analysts predict that ManpowerGroup will post 8.72 EPS for the current year.
Insider Buying and Selling
In related news, Director Ulice Payne, Jr. sold 600 shares of the company's stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $86.69, for a total transaction of $52,014.00. Following the completion of the transaction, the director now directly owns 8,532 shares in the company, valued at approximately $739,639.08. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.