Barclays Has Lowered Expectations for ManpowerGroup (NYSE:MAN) Stock Price

ManpowerGroup (NYSE:MAN) had its price target decreased by research analysts at Barclays from $42.00 to $35.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price objective indicates a potential upside of 25.58% from the company’s current price.

A number of other brokerages have also weighed in on MAN. Robert W. Baird set a $50.00 target price on shares of ManpowerGroup in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a research report on Monday, December 29th. BMO Capital Markets upgraded ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Thursday, December 18th. UBS Group set a $35.00 target price on ManpowerGroup in a research note on Friday, January 30th. Finally, Argus raised ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, ManpowerGroup has an average rating of “Hold” and an average target price of $40.25.

ManpowerGroup Trading Down 2.9%

Shares of MAN stock traded down $0.83 during trading hours on Friday, reaching $27.87. The company’s stock had a trading volume of 174,161 shares, compared to its average volume of 1,398,120. The stock has a market capitalization of $1.29 billion, a P/E ratio of -92.90 and a beta of 0.91. ManpowerGroup has a one year low of $25.15 and a one year high of $63.35. The firm’s fifty day simple moving average is $30.47 and its 200 day simple moving average is $32.91. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAN. Vanguard Group Inc. raised its stake in ManpowerGroup by 0.3% during the third quarter. Vanguard Group Inc. now owns 6,211,092 shares of the business services provider’s stock valued at $235,400,000 after buying an additional 19,501 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of ManpowerGroup by 60.3% during the third quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock valued at $140,394,000 after acquiring an additional 1,393,622 shares in the last quarter. Schroder Investment Management Group raised its position in shares of ManpowerGroup by 24.6% in the 4th quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider’s stock worth $66,817,000 after purchasing an additional 443,790 shares during the last quarter. State Street Corp raised its position in shares of ManpowerGroup by 2.0% in the 4th quarter. State Street Corp now owns 1,616,447 shares of the business services provider’s stock worth $48,057,000 after purchasing an additional 31,749 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in ManpowerGroup by 77.3% in the 4th quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider’s stock worth $45,366,000 after purchasing an additional 665,135 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

About ManpowerGroup

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.