ManpowerGroup Inc. (NYSE:MAN) Given Average Recommendation of “Hold” by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $41.1250.

MAN has been the subject of a number of recent analyst reports. BMO Capital Markets raised shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a research note on Monday, December 29th. Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, February 3rd. UBS Group set a $35.00 price target on ManpowerGroup in a research note on Friday, January 30th. Finally, The Goldman Sachs Group upped their price objective on shares of ManpowerGroup from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 3rd.

ManpowerGroup Stock Up 4.0%

Shares of MAN opened at $29.49 on Thursday. The stock’s 50-day moving average price is $30.88 and its two-hundred day moving average price is $33.82. ManpowerGroup has a 12 month low of $26.14 and a 12 month high of $63.35. The company has a market capitalization of $1.37 billion, a PE ratio of -98.30 and a beta of 0.88. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAN. Baird Financial Group Inc. acquired a new position in shares of ManpowerGroup during the first quarter worth approximately $219,000. Goldman Sachs Group Inc. increased its stake in ManpowerGroup by 12.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock valued at $20,109,000 after purchasing an additional 38,710 shares in the last quarter. Empowered Funds LLC increased its stake in ManpowerGroup by 3.2% during the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after purchasing an additional 414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in ManpowerGroup by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock worth $9,325,000 after buying an additional 13,906 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in shares of ManpowerGroup in the first quarter valued at $348,000. 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.