ManpowerGroup Inc. (NYSE:MAN) Receives $40.25 Average Price Target from Analysts
by Amy Steele · The Cerbat GemManpowerGroup Inc. (NYSE:MAN – Get Free Report) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.6250.
A number of analysts recently commented on the stock. Barclays dropped their target price on shares of ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday. Robert W. Baird set a $50.00 price objective on shares of ManpowerGroup in a research note on Friday, January 30th. The Goldman Sachs Group raised shares of ManpowerGroup from a “sell” rating to a “neutral” rating and set a $30.00 price objective for the company in a research note on Wednesday, March 18th. Wall Street Zen lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Argus raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, February 3rd.
Check Out Our Latest Research Report on ManpowerGroup
ManpowerGroup Stock Up 0.2%
NYSE MAN opened at $29.24 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day simple moving average is $28.80 and its 200 day simple moving average is $30.42. ManpowerGroup has a 12 month low of $25.15 and a 12 month high of $51.76. The company has a market capitalization of $1.36 billion, a P/E ratio of -97.46 and a beta of 0.84.
ManpowerGroup (NYSE:MAN – Get Free Report) last released its earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the firm earned $1.02 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts expect that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ManpowerGroup
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its stake in ManpowerGroup by 1.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock worth $869,000 after purchasing an additional 296 shares during the period. True Wealth Design LLC boosted its stake in ManpowerGroup by 72.5% in the 3rd quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock worth $30,000 after purchasing an additional 337 shares during the period. Cetera Investment Advisers boosted its stake in ManpowerGroup by 3.6% in the 2nd quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock worth $408,000 after purchasing an additional 348 shares during the period. Quarry LP boosted its stake in ManpowerGroup by 55.3% in the 4th quarter. Quarry LP now owns 1,034 shares of the business services provider’s stock worth $31,000 after purchasing an additional 368 shares during the period. Finally, GAMMA Investing LLC boosted its stake in ManpowerGroup by 103.3% in the 3rd quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock worth $30,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.
About ManpowerGroup
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.