ManpowerGroup Inc. (NYSE:MAN) Receives $82.40 Average Price Target from Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have received an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $82.40.

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th.

Hedge Funds Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hancock Whitney Corp boosted its holdings in shares of ManpowerGroup by 2.2% in the 1st quarter. Hancock Whitney Corp now owns 6,666 shares of the business services provider’s stock worth $518,000 after acquiring an additional 144 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock worth $55,000 after buying an additional 203 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in ManpowerGroup by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,029 shares of the business services provider’s stock worth $630,000 after buying an additional 207 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in ManpowerGroup by 25.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the business services provider’s stock worth $106,000 after buying an additional 278 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in ManpowerGroup by 2.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 12,699 shares of the business services provider’s stock worth $886,000 after buying an additional 279 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Trading Up 1.9 %

NYSE:MAN opened at $71.45 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $71.73 and its two-hundred day moving average is $72.88. ManpowerGroup has a 52 week low of $66.03 and a 52 week high of $80.25. The company has a market cap of $3.41 billion, a PE ratio of 73.66 and a beta of 1.45.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. ManpowerGroup’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. On average, analysts predict that ManpowerGroup will post 4.87 EPS for the current year.

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.