ManpowerGroup (NYSE:MAN) Price Target Raised to $45.00

ManpowerGroup (NYSE:MAN) had its target price increased by UBS Group from $42.00 to $45.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

MAN has been the subject of several other research reports. Wall Street Zen upgraded shares of ManpowerGroup from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. Truist Financial cut their price target on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Finally, BMO Capital Markets dropped their price objective on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.20.

ManpowerGroup Stock Down 1.3%

Shares of MAN opened at $43.52 on Monday. The company has a market capitalization of $2.01 billion, a P/E ratio of 18.92 and a beta of 1.07. ManpowerGroup has a one year low of $37.99 and a one year high of $78.22. The business’s 50 day simple moving average is $41.85 and its 200-day simple moving average is $50.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.63% and a return on equity of 9.10%. The company had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, sell-side analysts predict that ManpowerGroup will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup’s dividend payout ratio is presently 62.61%.

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Colonial Trust Co SC acquired a new stake in shares of ManpowerGroup in the 4th quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of ManpowerGroup in the 1st quarter valued at about $30,000. Fifth Third Bancorp raised its holdings in shares of ManpowerGroup by 48.6% in the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 243 shares during the period. GAMMA Investing LLC lifted its stake in ManpowerGroup by 190.6% in the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 488 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in ManpowerGroup by 131.7% during the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider’s stock worth $52,000 after purchasing an additional 511 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.