ManpowerGroup Inc. (NYSE:MAN) Given Consensus Rating of “Hold” by Analysts

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $76.60.

Several research analysts recently commented on MAN shares. Truist Financial reduced their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. UBS Group dropped their price objective on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Finally, BMO Capital Markets cut their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th.

Insider Buying and Selling at ManpowerGroup

In other news, CFO John T. Mcginnis acquired 8,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the purchase, the chief financial officer now directly owns 70,639 shares in the company, valued at $4,399,396.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

Institutional Investors Weigh In On ManpowerGroup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in shares of ManpowerGroup by 248.3% in 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 during the last quarter. Abich Financial Wealth Management LLC lifted its position in ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares during the period. FinTrust Capital Advisors LLC purchased a new stake in ManpowerGroup during the 1st quarter valued at about $47,000. Headlands Technologies LLC acquired a new position in shares of ManpowerGroup in the second quarter valued at about $47,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of ManpowerGroup in the first quarter worth about $49,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock opened at $62.85 on Friday. ManpowerGroup has a 52 week low of $61.53 and a 52 week high of $80.25. The company has a market capitalization of $2.98 billion, a PE ratio of 79.56 and a beta of 1.45. The stock’s fifty day moving average is $70.51 and its two-hundred day moving average is $72.06. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.

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.