ManpowerGroup Inc. (NYSE:MAN) Receives Average Rating of “Hold” from Brokerages

ManpowerGroup Inc. (NYSE:MAN – Get Rating) has been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $82.22.

MAN has been the topic of a number of recent analyst reports. Northcoast Research cut ManpowerGroup from a “buy” rating to a “neutral” rating in a research report on Thursday, January 26th. Truist Financial lifted their target price on ManpowerGroup from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. The Goldman Sachs Group lifted their target price on ManpowerGroup from $64.00 to $73.00 and gave the company a “sell” rating in a research report on Monday, December 5th. StockNews.com initiated coverage on ManpowerGroup in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Robert W. Baird lifted their target price on ManpowerGroup from $94.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st.

Insider Activity

In other news, SVP Donald O. Mondano sold 2,500 shares of ManpowerGroup stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total transaction of $213,750.00. Following the sale, the senior vice president now directly owns 5,440 shares of the company’s stock, valued at $465,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Donald O. Mondano sold 2,500 shares of ManpowerGroup stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total value of $213,750.00. Following the transaction, the senior vice president now directly owns 5,440 shares of the company’s stock, valued at $465,120. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 780 shares of ManpowerGroup stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $89.09, for a total value of $69,490.20. Following the completion of the transaction, the director now directly owns 9,720 shares in the company, valued at $865,954.80. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On ManpowerGroup

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lingohr & Partner Asset Management GmbH lifted its stake in shares of ManpowerGroup by 2.5% in the third quarter. Lingohr & Partner Asset Management GmbH now owns 5,023 shares of the business services provider’s stock worth $394,000 after acquiring an additional 123 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of ManpowerGroup by 1.2% in the third quarter. Crossmark Global Holdings Inc. now owns 11,270 shares of the business services provider’s stock worth $729,000 after acquiring an additional 130 shares during the period. IFP Advisors Inc lifted its stake in shares of ManpowerGroup by 14.3% in the third quarter. IFP Advisors Inc now owns 1,041 shares of the business services provider’s stock worth $99,000 after acquiring an additional 130 shares during the period. SummerHaven Investment Management LLC lifted its stake in ManpowerGroup by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 9,969 shares of the business services provider’s stock valued at $830,000 after buying an additional 132 shares during the period. Finally, Strengthening Families & Communities LLC lifted its stake in ManpowerGroup by 8.9% in the third quarter. Strengthening Families & Communities LLC now owns 1,716 shares of the business services provider’s stock valued at $110,000 after buying an additional 140 shares during the period. 97.27% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Stock Down 1.6 %

Shares of NYSE MAN opened at $78.75 on Friday. 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 has a 52 week low of $64.00 and a 52 week high of $101.53. The stock has a market capitalization of $4.00 billion, a P/E ratio of 11.17, a PEG ratio of 1.80 and a beta of 1.67. The stock’s fifty day moving average is $86.28 and its 200 day moving average is $80.96.

ManpowerGroup (NYSE:MAN – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The business services provider reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.06). ManpowerGroup had a return on equity of 18.19% and a net margin of 1.89%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the previous year, the business posted $2.20 EPS. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. Sell-side analysts forecast that ManpowerGroup will post 6.89 earnings per share for the current fiscal year.

ManpowerGroup Company Profile

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ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.