ManpowerGroup (NYSE:MAN) Now Covered by Analysts at StockNews.com

Posted by Anthony Miller on Mar 19th, 2023

StockNews.com began coverage on shares of ManpowerGroup (NYSE:MAN – Get Rating) in a research note issued to investors on Thursday. The firm issued a hold rating on the business services provider’s stock.

Several other brokerages also recently issued reports on MAN. BNP Paribas initiated coverage on ManpowerGroup in a research report on Thursday, January 5th. They issued an outperform rating and a $95.00 price objective for the company. Truist Financial lifted their price objective on ManpowerGroup from $80.00 to $92.00 and gave the company a hold rating in a research report on Wednesday, February 1st. TheStreet upgraded ManpowerGroup from a c+ rating to a b- rating in a research report on Monday, November 21st. The Goldman Sachs Group lifted their price objective on ManpowerGroup from $64.00 to $73.00 and gave the company a sell rating in a research report on Monday, December 5th. Finally, Northcoast Research downgraded ManpowerGroup from a buy rating to a neutral rating in a research report on Thursday, January 26th. Two equities 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. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $82.22.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock traded down $1.32 during midday trading on Thursday, hitting $78.75. 735,927 shares of the company were exchanged, compared to its average volume of 281,871. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $4.00 billion, a P/E ratio of 11.17, a PEG ratio of 1.83 and a beta of 1.67. ManpowerGroup has a 52 week low of $64.00 and a 52 week high of $101.53. The firm has a 50 day simple moving average of $86.28 and a 200-day simple moving average of $81.01.

ManpowerGroup (NYSE:MAN – Get Rating) last posted its earnings results on Tuesday, January 31st. The business services provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.06). The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.75 billion. ManpowerGroup had a return on equity of 18.19% and a net margin of 1.89%. ManpowerGroup’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.20 EPS. Research analysts forecast that ManpowerGroup will post 6.89 earnings per share for the current year.

Insider Transactions at ManpowerGroup

In other news, SVP Donald O. Mondano sold 2,500 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total transaction of $213,750.00. Following the completion of the sale, the senior vice president now owns 5,440 shares in the company, valued at $465,120. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Donald O. Mondano sold 2,500 shares of ManpowerGroup stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total transaction of $213,750.00. Following the completion of the sale, the senior vice president now directly owns 5,440 shares of the company’s stock, valued at $465,120. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 780 shares of ManpowerGroup stock in a transaction on Monday, February 13th. The stock was sold at an average price of $89.09, for a total value of $69,490.20. Following the sale, the director now directly owns 9,720 shares of the company’s stock, valued at $865,954.80. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ManpowerGroup

A number of institutional investors have recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $290,000. State of Wyoming grew its stake in shares of ManpowerGroup by 71.3% during the fourth quarter. State of Wyoming now owns 2,191 shares of the business services provider’s stock worth $182,000 after purchasing an additional 912 shares during the period. CI Private Wealth LLC acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $744,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $516,000. Finally, Mackenzie Financial Corp grew its stake in shares of ManpowerGroup by 946.4% during the fourth quarter. Mackenzie Financial Corp now owns 53,431 shares of the business services provider’s stock worth $4,446,000 after purchasing an additional 48,325 shares during the period. 97.27% of the stock is owned by institutional investors and hedge funds.

About ManpowerGroup

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ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.