BMO Capital Markets Cuts ManpowerGroup (NYSE:MAN) Price Target to $71.00

ManpowerGroup (NYSE:MAN) had its target price cut by BMO Capital Markets from $87.00 to $71.00 in a report published on Friday, Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

MAN has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Truist Financial reduced their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday. Finally, UBS Group dropped their price objective on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.60.

ManpowerGroup Stock Down 4.1 %

MAN stock opened at $62.59 on Friday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 64.53 and a beta of 1.45. The firm has a 50-day moving average of $71.58 and a two-hundred day moving average of $72.57. ManpowerGroup has a 12 month low of $62.12 and a 12 month high of $80.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On ManpowerGroup

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in ManpowerGroup by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock valued at $549,314,000 after buying an additional 17,691 shares during the period. Victory Capital Management Inc. increased its position in shares of ManpowerGroup by 4.7% during the second quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after acquiring an additional 183,527 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ManpowerGroup by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock valued at $160,539,000 after acquiring an additional 103,059 shares during the period. AQR Capital Management LLC lifted its holdings in shares of ManpowerGroup by 55.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock worth $112,264,000 after acquiring an additional 573,027 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of ManpowerGroup by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock worth $87,151,000 after purchasing an additional 17,481 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.