Analysts Set ManpowerGroup Inc. (NYSE:MAN) Target Price at $69.33

Shares of ManpowerGroup Inc. (NYSE:MAN) have been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $69.33.

A number of equities analysts have commented on MAN shares. Barclays dropped their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. Truist Financial restated a “hold” rating and issued a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. UBS Group dropped their target price on shares of 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. dropped their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st.

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of ManpowerGroup in the 4th quarter worth approximately $2,790,000. Mackenzie Financial Corp lifted its position in shares of ManpowerGroup by 122.8% in the 4th quarter. Mackenzie Financial Corp now owns 55,554 shares of the business services provider’s stock worth $3,207,000 after purchasing an additional 30,622 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of ManpowerGroup in the 4th quarter worth approximately $1,667,000. CSS LLC IL lifted its position in shares of ManpowerGroup by 26.1% in the 4th quarter. CSS LLC IL now owns 17,022 shares of the business services provider’s stock worth $983,000 after purchasing an additional 3,522 shares during the period. Finally, PharVision Advisers LLC purchased a new stake in shares of ManpowerGroup in the 4th quarter worth approximately $475,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of NYSE:MAN opened at $58.62 on Thursday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.60 and a beta of 1.43. ManpowerGroup has a 12 month low of $53.31 and a 12 month high of $78.87. The firm’s 50-day moving average is $57.74 and its 200 day moving average is $63.17. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

About ManpowerGroup

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.