ManpowerGroup Inc. (NYSE:MAN) Receives $69.33 Average Target Price from Analysts

ManpowerGroup Inc. (NYSE:MAN) has earned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $69.33.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, January 31st. UBS Group decreased their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Truist Financial reiterated a “hold” rating and issued a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, Barclays decreased their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd.

ManpowerGroup Trading Down 2.3 %

ManpowerGroup stock opened at $61.20 on Thursday. The firm has a 50-day moving average price of $57.61 and a two-hundred day moving average price of $63.33. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 20.47 and a beta of 1.43. ManpowerGroup has a 52-week low of $53.31 and a 52-week high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Institutional Trading of ManpowerGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Colonial Trust Co SC acquired a new stake in ManpowerGroup during the fourth quarter valued at approximately $28,000. WFA Asset Management Corp purchased a new stake in shares of ManpowerGroup in the 4th quarter valued at approximately $35,000. SRS Capital Advisors Inc. lifted its position in shares of ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 562 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of ManpowerGroup in the 3rd quarter valued at approximately $54,000. Finally, Blue Trust Inc. lifted its position in shares of ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 778 shares in the last quarter. 98.03% of the stock is 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.