ManpowerGroup (NYSE:MAN) PT Raised to $84.00

ManpowerGroup (NYSE:MAN) had its target price hoisted by BMO Capital Markets from $81.00 to $84.00 in a research note issued to investors on Monday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

MAN has been the subject of a number of other research reports. BNP Paribas reissued an underperform rating and issued a $70.00 price objective on shares of ManpowerGroup in a research report on Friday, January 5th. StockNews.com lowered shares of ManpowerGroup from a buy rating to a hold rating in a research report on Wednesday, January 31st. William Blair assumed coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They issued a market perform rating for the company. Truist Financial boosted their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a hold rating in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a neutral rating in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $83.00.

ManpowerGroup Stock Performance

NYSE:MAN opened at $77.10 on Monday. The company has a market capitalization of $3.73 billion, a P/E ratio of 79.49, a price-to-earnings-growth ratio of 1.59 and a beta of 1.54. ManpowerGroup has a twelve month low of $67.35 and a twelve month high of $88.91. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $73.47 and a two-hundred day moving average price of $74.43.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The company’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. As a group, research analysts expect that ManpowerGroup will post 4.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors have recently bought and sold shares of the business. CWM LLC grew its stake in ManpowerGroup by 345.1% during the third quarter. CWM LLC now owns 365 shares of the business services provider’s stock worth $27,000 after buying an additional 283 shares during the period. Venturi Wealth Management LLC grew its stake in ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after buying an additional 160 shares during the period. Exchange Traded Concepts LLC grew its stake in ManpowerGroup by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock worth $74,000 after buying an additional 162 shares during the period. Hexagon Capital Partners LLC grew its stake in ManpowerGroup by 145.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock worth $86,000 after buying an additional 644 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new stake in ManpowerGroup during the third quarter worth approximately $137,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.