ManpowerGroup (NYSE:MAN) PT Lowered to $71.00

ManpowerGroup (NYSE:MAN) had its price objective reduced by UBS Group from $78.00 to $71.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective would indicate a potential upside of 8.81% from the company’s current price.

A number of other equities analysts have also commented on the company. BMO Capital Markets lifted their price objective on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $76.60.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $65.25 on Friday. ManpowerGroup has a 12-month low of $64.35 and a 12-month high of $80.25. 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 price is $71.72 and its two-hundred day moving average price is $72.67. The stock has a market cap of $3.11 billion, a PE ratio of 67.27 and a beta of 1.45.

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

Hedge Funds Weigh In On ManpowerGroup

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in ManpowerGroup by 248.3% during the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after buying an additional 375 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in ManpowerGroup by 62.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 224 shares during the period. FinTrust Capital Advisors LLC purchased a new position in shares of ManpowerGroup during the 1st quarter valued at $47,000. Advisors Asset Management Inc. purchased a new stake in ManpowerGroup in the 1st quarter worth about $49,000. Finally, Headlands Technologies LLC purchased a new stake in ManpowerGroup in the 2nd quarter worth about $47,000. 98.03% of the stock is owned by institutional investors and hedge funds.

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.