ManpowerGroup Inc. (NYSE:MAN) Receives $41.13 Average Price Target from Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.1250.

MAN has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on ManpowerGroup from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a report on Monday, December 29th. BMO Capital Markets raised shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Thursday, December 18th. UBS Group set a $35.00 price objective on shares of ManpowerGroup in a research report on Friday, January 30th. Finally, Robert W. Baird set a $50.00 target price on ManpowerGroup in a research note on Friday, January 30th.

ManpowerGroup Stock Up 0.2%

Shares of NYSE MAN opened at $25.81 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.20 billion, a P/E ratio of -86.03 and a beta of 0.88. ManpowerGroup has a 52 week low of $25.15 and a 52 week high of $63.35. The business has a 50-day simple moving average of $30.67 and a two-hundred day simple moving average of $33.39.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 earnings per share. Research analysts anticipate that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in ManpowerGroup by 11.3% during the second quarter. PNC Financial Services Group Inc. now owns 2,756 shares of the business services provider’s stock valued at $111,000 after buying an additional 280 shares during the period. Huntington National Bank increased its holdings in shares of ManpowerGroup by 41.6% in the second quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock worth $40,000 after buying an additional 293 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of ManpowerGroup by 1.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock valued at $869,000 after acquiring an additional 296 shares during the last quarter. True Wealth Design LLC boosted its holdings in ManpowerGroup by 72.5% during the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 337 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in ManpowerGroup by 3.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock valued at $408,000 after acquiring an additional 348 shares during the period. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Company Profile

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.