ManpowerGroup (NYSE:MAN) Given New $84.00 Price Target at JPMorgan Chase & Co.

ManpowerGroup (NYSE:MAN) had its price objective boosted by JPMorgan Chase & Co. from $82.00 to $84.00 in a research note published on Friday morning, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other research firms also recently commented on MAN. BMO Capital Markets reduced their target price on ManpowerGroup from $86.00 to $85.00 and set a market perform rating on the stock in a research report on Thursday, February 1st. BNP Paribas reiterated an underperform rating and issued a $70.00 target price on shares of ManpowerGroup in a research note on Friday, January 5th. StockNews.com downgraded ManpowerGroup from a buy rating to a hold rating in a research note on Wednesday, January 31st. William Blair assumed coverage on ManpowerGroup in a report on Monday, January 8th. They set a market perform rating for the company. Finally, Truist Financial boosted their price target on ManpowerGroup from $75.00 to $78.00 and gave the stock a hold rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $83.00.

ManpowerGroup Stock Performance

Shares of NYSE:MAN opened at $75.65 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.16. The business’s 50 day moving average price is $73.36 and its 200-day moving average price is $74.41. The firm has a market capitalization of $3.66 billion, a PE ratio of 77.99, a P/E/G ratio of 0.64 and a beta of 1.54. ManpowerGroup has a 1 year low of $67.35 and a 1 year high of $88.91.

ManpowerGroup (NYSE:MAN) last released its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. As a group, equities research analysts expect that ManpowerGroup will post 4.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Institutional investors have recently made changes to their positions in the stock. Uncommon Cents Investing LLC boosted its stake in ManpowerGroup by 3.5% during the 1st quarter. Uncommon Cents Investing LLC now owns 20,180 shares of the business services provider’s stock valued at $1,567,000 after purchasing an additional 685 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of ManpowerGroup by 2.6% in the first quarter. State of Michigan Retirement System now owns 11,963 shares of the business services provider’s stock valued at $929,000 after purchasing an additional 300 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of ManpowerGroup by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 149,375 shares of the business services provider’s stock valued at $11,597,000 after purchasing an additional 15,438 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of ManpowerGroup by 25.6% during the first quarter. Hexagon Capital Partners LLC now owns 1,364 shares of the business services provider’s stock worth $106,000 after acquiring an additional 278 shares in the last quarter. Finally, ARGA Investment Management LP raised its holdings in shares of ManpowerGroup by 22.6% during the first quarter. ARGA Investment Management LP now owns 48,396 shares of the business services provider’s stock worth $3,757,000 after acquiring an additional 8,916 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

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.