ManpowerGroup (NYSE:MAN) Receives Hold Rating from Truist Financial

ManpowerGroup (NYSE:MAN)‘s stock had its “hold” rating reissued by Truist Financial in a report released on Friday,Benzinga reports. They currently have a $70.00 price target on the business services provider’s stock, down from their prior price target of $74.00. Truist Financial’s target price indicates a potential upside of 16.01% from the company’s previous close.

MAN has been the topic of several other research reports. UBS Group dropped their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. BMO Capital Markets reduced their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Finally, Barclays lowered their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $71.00.

ManpowerGroup Stock Down 0.6 %

Shares of NYSE MAN traded down $0.37 during midday trading on Friday, hitting $60.34. 131,208 shares of the company’s stock were exchanged, compared to its average volume of 671,577. The firm’s fifty day simple moving average is $59.60 and its 200-day simple moving average is $66.22. The company has a market cap of $2.83 billion, a PE ratio of 76.32 and a beta of 1.46. ManpowerGroup has a twelve month low of $53.70 and a twelve month high of $78.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of ManpowerGroup by 12,496.6% in the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after buying an additional 894,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in ManpowerGroup in the fourth quarter valued at $34,200,000. Point72 Asset Management L.P. grew its stake in shares of ManpowerGroup by 480.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock worth $23,884,000 after purchasing an additional 268,866 shares during the period. Millennium Management LLC increased its holdings in shares of ManpowerGroup by 163.7% in the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after purchasing an additional 253,287 shares in the last quarter. Finally, KLCM Advisors Inc. increased its holdings in shares of ManpowerGroup by 153.9% in the 4th quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock valued at $17,119,000 after purchasing an additional 179,788 shares in the last quarter. 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.