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

ManpowerGroup Inc. (NYSE:MANGet Free Report) has received an average rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $81.71.

Several equities analysts have issued reports on MAN shares. Truist Financial dropped their price objective on shares of ManpowerGroup from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, October 20th. BNP Paribas reaffirmed an “underperform” rating and set a $70.00 price target on shares of ManpowerGroup in a research note on Friday, January 5th. StockNews.com raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. UBS Group decreased their target price on shares of ManpowerGroup from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, October 12th. Finally, TheStreet cut shares of ManpowerGroup from a “b-” rating to a “c” rating in a research report on Thursday, October 19th.

Get Our Latest Report on MAN

ManpowerGroup Stock Performance

NYSE MAN opened at $77.06 on Wednesday. ManpowerGroup has a fifty-two week low of $67.35 and a fifty-two week high of $92.43. The stock’s fifty day moving average is $77.08 and its two-hundred day moving average is $75.93. The firm has a market capitalization of $3.76 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 7.53 and a beta of 1.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.21 and a current ratio of 1.21.

ManpowerGroup (NYSE:MANGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The business services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.26. ManpowerGroup had a return on equity of 13.80% and a net margin of 1.16%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the business earned $2.08 EPS. ManpowerGroup’s revenue was down 3.7% on a year-over-year basis. On average, research analysts anticipate that ManpowerGroup will post 5.78 earnings per share for the current year.

ManpowerGroup Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $1.47 per share. The ex-dividend date was Thursday, November 30th. This represents a yield of 4.1%. ManpowerGroup’s payout ratio is 67.59%.

Insider Activity

In other news, SVP Donald O. Mondano sold 1,600 shares of ManpowerGroup stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $72.96, for a total value of $116,736.00. Following the transaction, the senior vice president now owns 1,840 shares of the company’s stock, valued at $134,246.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of ManpowerGroup by 345.1% in the third quarter. CWM LLC now owns 365 shares of the business services provider’s stock valued at $27,000 after buying an additional 283 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after buying an additional 160 shares during the last quarter. Comerica Bank bought a new stake in shares of ManpowerGroup during the 2nd quarter valued at $470,000. EverSource Wealth Advisors LLC grew its stake in shares of ManpowerGroup by 70.9% during the second quarter. EverSource Wealth Advisors LLC now owns 788 shares of the business services provider’s stock worth $63,000 after purchasing an additional 327 shares during the period. Finally, Parallel Advisors LLC lifted its stake in ManpowerGroup by 220.3% in the second quarter. Parallel Advisors LLC now owns 788 shares of the business services provider’s stock valued at $63,000 after buying an additional 542 shares during the period. Institutional investors own 96.78% of the company’s stock.

About ManpowerGroup

(Get Free Report

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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