Brokerages Set ManpowerGroup Inc. (NYSE:MAN) Price Target at $82.40

Shares of ManpowerGroup Inc. (NYSE:MAN) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $82.40.

A number of equities research analysts have issued reports on MAN shares. BNP Paribas upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price on the stock in a report on Tuesday, June 11th. BMO Capital Markets increased their price objective on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Finally, 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 research note on Friday, July 19th.

ManpowerGroup Stock Up 0.6 %

Shares of NYSE:MAN opened at $71.91 on Thursday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 74.32, a PEG ratio of 1.78 and a beta of 1.45. ManpowerGroup has a 12-month low of $66.03 and a 12-month high of $80.25. The business has a 50-day moving average price of $71.71 and a 200 day moving average price of $73.07. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.03. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm earned $1.58 EPS. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. Sell-side analysts expect that ManpowerGroup will post 4.87 EPS for the current year.

Institutional Trading of ManpowerGroup

Several institutional investors and hedge funds have recently bought and sold shares of MAN. Abich Financial Wealth Management LLC raised its stake 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 valued at $45,000 after acquiring an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of ManpowerGroup during the first quarter worth $47,000. Headlands Technologies LLC purchased a new position in ManpowerGroup in the 2nd quarter valued at $47,000. Advisors Asset Management Inc. acquired a new position in ManpowerGroup in the 1st quarter valued at $49,000. Finally, Innealta Capital LLC acquired a new position in ManpowerGroup in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

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.