ManpowerGroup Inc. (NYSE:MAN) Receives $50.60 Average PT from Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have covered the stock in the last year is $50.60.

Several equities research analysts have recently issued reports on MAN shares. UBS Group lowered their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Truist Financial dropped their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research report on Monday, April 21st. Barclays upgraded shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen downgraded ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st.

ManpowerGroup Trading Up 1.8%

Shares of NYSE MAN opened at $41.06 on Friday. ManpowerGroup has a 52 week low of $38.10 and a 52 week high of $78.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The business has a 50 day simple moving average of $43.25 and a 200 day simple moving average of $52.83. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 13.73 and a beta of 1.08.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, research analysts predict that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.72 per share. This represents a dividend yield of 3.5%. The ex-dividend date was Monday, June 2nd. ManpowerGroup’s payout ratio is 62.61%.

Hedge Funds Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in shares of ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock valued at $130,125,000 after acquiring an additional 711,043 shares during the period. Invesco Ltd. raised its holdings in ManpowerGroup by 36.1% during the 1st quarter. Invesco Ltd. now owns 2,608,221 shares of the business services provider’s stock worth $150,964,000 after buying an additional 691,678 shares during the period. ARGA Investment Management LP boosted its stake in ManpowerGroup by 539.8% in the 1st quarter. ARGA Investment Management LP now owns 587,048 shares of the business services provider’s stock worth $33,978,000 after purchasing an additional 495,296 shares during the period. Norges Bank bought a new position in ManpowerGroup during the 4th quarter worth about $27,706,000. Finally, Millennium Management LLC raised its stake in shares of ManpowerGroup by 137.0% in the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock valued at $46,845,000 after purchasing an additional 469,184 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.

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.