ManpowerGroup (NYSE:MAN) Given New $71.00 Price Target at BMO Capital Markets

ManpowerGroup (NYSE:MAN) had its price objective lowered by BMO Capital Markets from $87.00 to $71.00 in a research report released on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

MAN has been the subject of several other research reports. UBS Group decreased their price target on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Finally, Truist Financial reduced their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $76.60.

ManpowerGroup Trading Down 2.7 %

ManpowerGroup stock opened at $65.25 on Friday. ManpowerGroup has a 52-week low of $64.35 and a 52-week high of $80.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 67.27 and a beta of 1.45. The firm has a 50-day moving average price of $71.72 and a two-hundred day moving average price of $72.66.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. Sell-side analysts expect that ManpowerGroup will post 4.87 earnings per share for the current year.

Hedge Funds Weigh In On ManpowerGroup

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in ManpowerGroup by 248.3% during the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after buying an additional 375 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of ManpowerGroup in the 1st quarter worth $47,000. Headlands Technologies LLC acquired a new stake in shares of ManpowerGroup during the second quarter worth $47,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of ManpowerGroup during the first quarter valued at $49,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

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.