ManpowerGroup Inc. (NYSE:MAN) Receives Average Rating of “Hold” from Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given an average rating of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $69.33.

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

ManpowerGroup Trading Down 4.5 %

ManpowerGroup stock opened at $52.18 on Monday. ManpowerGroup has a 52 week low of $47.76 and a 52 week high of $78.87. 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 firm has a market capitalization of $2.44 billion, a PE ratio of 17.45 and a beta of 1.28. The business’s 50-day simple moving average is $57.86 and its 200-day simple moving average is $61.44.

Institutional Trading of ManpowerGroup

Institutional investors have recently made changes to their positions in the business. 111 Capital bought a new position in ManpowerGroup during the fourth quarter worth about $573,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of ManpowerGroup by 118.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,506 shares of the business services provider’s stock worth $1,299,000 after buying an additional 12,226 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $2,790,000. Mackenzie Financial Corp boosted its stake in ManpowerGroup by 122.8% in the 4th quarter. Mackenzie Financial Corp now owns 55,554 shares of the business services provider’s stock valued at $3,207,000 after buying an additional 30,622 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in ManpowerGroup in the fourth quarter valued at $1,667,000. 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.