Brokerages Set ManpowerGroup Inc. (NYSE:MAN) Price Target at $84.57

Shares of ManpowerGroup Inc. (NYSE:MAN) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $84.57.

Several research analysts have weighed in on the stock. UBS Group lowered their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. BNP Paribas raised ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price for the company in a report on Tuesday, June 11th. BMO Capital Markets upped their price target on shares of ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of ManpowerGroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, April 19th.

ManpowerGroup Stock Performance

Shares of NYSE MAN opened at $69.44 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.31 billion, a P/E ratio of 71.59, a P/E/G ratio of 1.46 and a beta of 1.47. ManpowerGroup has a 12 month low of $67.35 and a 12 month high of $88.91. The stock has a 50 day moving average of $74.08 and a 200-day moving average of $74.61.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The business’s revenue was down 7.3% compared to the same quarter last year. As a group, equities research analysts predict that ManpowerGroup will post 5 EPS for the current year.

ManpowerGroup Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a dividend of $1.54 per share. The ex-dividend date was Monday, June 3rd. This is a boost from ManpowerGroup’s previous semi-annual dividend of $1.47. This represents a yield of 3.8%. ManpowerGroup’s dividend payout ratio is currently 317.53%.

Institutional Trading of ManpowerGroup

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAN. Charles Schwab Investment Management Inc. raised its position in shares of ManpowerGroup by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 569,472 shares of the business services provider’s stock worth $45,256,000 after purchasing an additional 12,757 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in ManpowerGroup by 13.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 111,605 shares of the business services provider’s stock worth $8,869,000 after acquiring an additional 13,422 shares in the last quarter. Lighthouse Investment Partners LLC lifted its position in shares of ManpowerGroup by 225.7% in the fourth quarter. Lighthouse Investment Partners LLC now owns 62,658 shares of the business services provider’s stock valued at $4,979,000 after acquiring an additional 43,423 shares in the last quarter. UBS Group AG boosted its position in shares of ManpowerGroup by 88.3% during the third quarter. UBS Group AG now owns 52,185 shares of the business services provider’s stock worth $3,826,000 after acquiring an additional 24,466 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of ManpowerGroup by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock valued at $549,314,000 after purchasing an additional 17,691 shares in the last quarter. Hedge funds and other 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.