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

ManpowerGroup Inc. (NYSE:MAN) has been given a consensus recommendation of “Hold” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $50.60.

Several brokerages have recently commented on MAN. Truist Financial decreased their price target on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. UBS Group decreased their target price on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. BMO Capital Markets lowered their target price on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Barclays upgraded ManpowerGroup from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $39.80 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.12 and a current ratio of 1.12. ManpowerGroup has a one year low of $38.10 and a one year high of $78.22. The firm has a market capitalization of $1.84 billion, a P/E ratio of 17.30 and a beta of 1.08. The company’s fifty day moving average is $42.72 and its two-hundred day moving average is $52.65.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data 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 company had revenue of $698.30 million for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the prior year, the firm posted $0.94 EPS. Analysts forecast that ManpowerGroup will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.72 per share. This represents a yield of 3.5%. The ex-dividend date was Monday, June 2nd. ManpowerGroup’s dividend payout ratio (DPR) is presently 62.61%.

Institutional Trading of ManpowerGroup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. Acadian Asset Management LLC boosted its stake in shares of ManpowerGroup by 601.5% during the 1st quarter. Acadian Asset Management LLC now owns 4,097 shares of the business services provider’s stock worth $237,000 after purchasing an additional 3,513 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of ManpowerGroup during the first quarter valued at approximately $348,000. Bayforest Capital Ltd acquired a new stake in ManpowerGroup during the first quarter worth approximately $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in ManpowerGroup by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock worth $9,325,000 after acquiring an additional 13,906 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in ManpowerGroup by 3.2% in the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock worth $778,000 after acquiring an additional 414 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

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.