BMO Capital Markets Increases ManpowerGroup (NYSE:MAN) Price Target to $84.00

ManpowerGroup (NYSE:MAN) had its target price lifted by BMO Capital Markets from $81.00 to $84.00 in a report released on Monday morning, Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

MAN has been the subject of a number of other research reports. StockNews.com downgraded ManpowerGroup from a buy rating to a hold rating in a research report on Wednesday, January 31st. UBS Group dropped their target price on ManpowerGroup from $81.00 to $80.00 and set a neutral rating for the company in a research report on Friday, April 19th. Truist Financial boosted their target price on ManpowerGroup from $75.00 to $78.00 and gave the stock a hold rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. boosted their target price on ManpowerGroup from $82.00 to $84.00 and gave the stock a neutral rating in a research report on Friday, April 19th. Finally, William Blair initiated coverage on ManpowerGroup in a research note on Monday, January 8th. They set a market perform rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, ManpowerGroup presently has a consensus rating of Hold and a consensus target price of $83.00.

ManpowerGroup Trading Down 1.3 %

Shares of MAN opened at $76.13 on Monday. The stock has a fifty day moving average price of $73.60 and a two-hundred day moving average price of $74.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.17. ManpowerGroup has a 52-week low of $67.35 and a 52-week high of $88.91. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 78.45, a PEG ratio of 1.60 and a beta of 1.54.

ManpowerGroup (NYSE:MAN) last released its earnings results 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 during the quarter, compared to the consensus estimate of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 earnings per share. Analysts predict that ManpowerGroup will post 4.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of ManpowerGroup by 345.1% in the third quarter. CWM LLC now owns 365 shares of the business services provider’s stock worth $27,000 after acquiring an additional 283 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of ManpowerGroup in the third quarter worth about $137,000. Exchange Traded Concepts LLC increased its holdings in shares of ManpowerGroup by 19.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock worth $74,000 after acquiring an additional 162 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of ManpowerGroup in the third quarter worth about $595,000. Finally, Uncommon Cents Investing LLC increased its holdings in shares of ManpowerGroup by 16.6% in the third quarter. Uncommon Cents Investing LLC now owns 16,005 shares of the business services provider’s stock worth $1,173,000 after acquiring an additional 2,275 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.