Brokerages Set ManpowerGroup Inc. (NYSE:MAN) PT at $57.50

ManpowerGroup Inc. (NYSE:MAN) has received a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $57.50.

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

ManpowerGroup Stock Up 0.5 %

Shares of MAN opened at $42.51 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of 14.22 and a beta of 1.28. ManpowerGroup has a 12 month low of $39.22 and a 12 month high of $78.87. The stock’s 50 day moving average is $53.67 and its two-hundred day moving average is $58.17. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The business had revenue of $698.30 million for the quarter, compared to analysts’ expectations of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter last year, the business earned $0.94 EPS. Analysts predict that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Colonial Trust Co SC acquired a new position in shares of ManpowerGroup in the 4th quarter worth approximately $28,000. WFA Asset Management Corp purchased a new stake in ManpowerGroup in the fourth quarter valued at approximately $35,000. Fifth Third Bancorp lifted its stake in ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock worth $43,000 after purchasing an additional 243 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock worth $43,000 after buying an additional 488 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in shares of ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after buying an additional 562 shares in the last quarter. Institutional investors and hedge funds 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.