ManpowerGroup Inc. (NYSE:MAN) Receives Average Rating of “Hold” from Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $69.33.

A number of brokerages recently issued reports on MAN. JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group lowered their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial reissued a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, Barclays lowered their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd.

ManpowerGroup Stock Up 2.3 %

MAN stock opened at $58.64 on Thursday. The firm’s fifty day simple moving average is $57.37 and its 200-day simple moving average is $63.55. The company has a market capitalization of $2.74 billion, a P/E ratio of 19.61 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. ManpowerGroup has a 12 month low of $53.31 and a 12 month high of $78.87.

Hedge Funds Weigh In On ManpowerGroup

A number of large investors have recently added to or reduced their stakes in MAN. Pacer Advisors Inc. raised its position in ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock worth $66,281,000 after acquiring an additional 894,379 shares during the period. AQR Capital Management LLC raised its position in shares of ManpowerGroup by 45.8% in the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock valued at $130,125,000 after buying an additional 711,043 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of ManpowerGroup in the fourth quarter valued at about $34,200,000. Norges Bank acquired a new stake in shares of ManpowerGroup in the fourth quarter valued at about $27,706,000. Finally, Millennium Management LLC raised its position in shares of ManpowerGroup by 137.0% in the fourth quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock valued at $46,845,000 after buying an additional 469,184 shares during the last quarter. 98.03% of the stock is currently 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.