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

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

A number of brokerages have recently issued reports on MAN. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. Wall Street Zen cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Barclays upgraded shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Truist Financial decreased their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research note on Monday, April 21st. Finally, UBS Group lowered their price target on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th.

ManpowerGroup Trading Down 0.3%

NYSE MAN opened at $39.80 on Friday. The firm’s fifty day moving average price is $42.72 and its 200 day moving average price is $52.65. ManpowerGroup has a 12 month low of $38.10 and a 12 month high of $78.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 17.30 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 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). ManpowerGroup had a return on equity of 9.10% and a net margin of 0.63%. The firm had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the firm posted $0.94 EPS. On average, sell-side analysts expect 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. Shareholders of record on Monday, June 2nd were paid a $0.72 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup’s dividend payout ratio is currently 62.61%.

Institutional Trading of ManpowerGroup

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of ManpowerGroup by 24.0% during the fourth quarter. Northern Trust Corp now owns 437,495 shares of the business services provider’s stock worth $25,252,000 after acquiring an additional 84,741 shares during the period. AlphaQuest LLC boosted its holdings in ManpowerGroup by 4,364.3% in the 4th quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider’s stock valued at $1,616,000 after purchasing an additional 27,364 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 purchasing an additional 191,901 shares during the period. Alexander Randolph Advisory Inc. increased its position in ManpowerGroup by 1.7% during the 4th quarter. Alexander Randolph Advisory Inc. now owns 33,148 shares of the business services provider’s stock worth $1,913,000 after purchasing an additional 545 shares during the period. Finally, Alliancebernstein L.P. raised its stake 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 in the last quarter. 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.