ManpowerGroup (NYSE:MAN) Upgraded at Barclays

ManpowerGroup (NYSE:MAN) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a $50.00 price target on the business services provider’s stock, down from their prior price target of $55.00. Barclays‘s price target suggests a potential downside of 1.99% from the stock’s previous close.

A number of other equities analysts also recently issued reports on MAN. Truist Financial reissued a “hold” rating and issued a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. UBS Group decreased their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $67.50.

ManpowerGroup Stock Performance

MAN stock opened at $51.02 on Thursday. The company has a market cap of $2.38 billion, a P/E ratio of 17.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. ManpowerGroup has a 1 year low of $47.29 and a 1 year high of $78.87. The stock’s fifty day moving average price is $56.55 and its 200-day moving average price is $60.49.

Institutional Trading of ManpowerGroup

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in ManpowerGroup by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider’s stock valued at $143,942,000 after buying an additional 59,763 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock worth $130,125,000 after acquiring an additional 711,043 shares during the last quarter. Invesco Ltd. boosted its position in shares of ManpowerGroup by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider’s stock worth $110,623,000 after acquiring an additional 77,234 shares during the last quarter. Millennium Management LLC increased its holdings in ManpowerGroup by 137.0% in the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock valued at $46,845,000 after acquiring an additional 469,184 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock worth $58,444,000 after purchasing an additional 4,113 shares in the last quarter. 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.