ManpowerGroup (NYSE:MAN) Raised to “Hold” at Wall Street Zen

ManpowerGroup (NYSE:MAN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other equities research analysts have also weighed in on the company. BMO Capital Markets lowered their price objective on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Barclays raised ManpowerGroup from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Truist Financial decreased their price target on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. Finally, UBS Group decreased their price target on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $50.60.

ManpowerGroup Stock Performance

NYSE MAN opened at $40.53 on Friday. ManpowerGroup has a 52-week low of $37.99 and a 52-week high of $78.22. The business’s 50-day moving average price is $41.61 and its 200 day moving average price is $51.49. The firm has a market cap of $1.88 billion, a P/E ratio of 17.62 and a beta of 1.08. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.46.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.63% and a return on equity of 9.10%. The business had revenue of $698.30 million during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the prior year, the firm posted $0.94 EPS. On average, equities research analysts expect that ManpowerGroup will post 4.23 earnings per share for the current year.

Institutional Trading of ManpowerGroup

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of ManpowerGroup by 24.0% during the 4th quarter. Northern Trust Corp now owns 437,495 shares of the business services provider’s stock worth $25,252,000 after buying an additional 84,741 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of ManpowerGroup by 4,364.3% during the 4th quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider’s stock worth $1,616,000 after buying an additional 27,364 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock worth $43,189,000 after buying an additional 191,901 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of ManpowerGroup by 6.4% during the 4th quarter. Alliancebernstein L.P. now owns 90,447 shares of the business services provider’s stock worth $5,221,000 after buying an additional 5,432 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ManpowerGroup during the 4th quarter worth $875,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Company Profile

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.