Brokerages Set ManpowerGroup Inc. (NYSE:MAN) Price Target at $69.33

Shares of ManpowerGroup Inc. (NYSE:MAN) have been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $69.33.

A number of equities analysts have recently commented on the stock. Truist Financial reissued a “hold” rating and issued a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. UBS Group cut their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. BMO Capital Markets decreased their target price on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research report on Friday, October 18th. Barclays lowered their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st.

Institutional Trading of ManpowerGroup

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its stake in ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after purchasing an additional 894,379 shares in the last quarter. Geode Capital Management LLC grew its position in shares of ManpowerGroup by 0.5% during the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after buying an additional 4,113 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider’s stock worth $43,189,000 after buying an additional 191,901 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of ManpowerGroup in the fourth quarter worth $34,200,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in ManpowerGroup by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock valued at $40,414,000 after acquiring an additional 32,083 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 1.2 %

NYSE MAN opened at $56.37 on Friday. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 18.85 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. ManpowerGroup has a one year low of $53.70 and a one year high of $78.87. The company’s 50 day moving average price is $58.64 and its 200 day moving average price is $65.28.

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.