ManpowerGroup (NYSE:MAN) PT Lowered to $71.00 at UBS Group

ManpowerGroup (NYSE:MAN) had its target price trimmed by UBS Group from $78.00 to $71.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. BMO Capital Markets increased their target price on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $76.60.

ManpowerGroup Stock Down 4.1 %

Shares of NYSE MAN opened at $62.59 on Friday. ManpowerGroup has a 52-week low of $62.12 and a 52-week high of $80.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day moving average of $71.58 and a two-hundred day moving average of $72.57. The stock has a market cap of $2.99 billion, a PE ratio of 64.53 and a beta of 1.45.

Hedge Funds Weigh In On ManpowerGroup

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in ManpowerGroup by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock worth $549,314,000 after purchasing an additional 17,691 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of ManpowerGroup by 4.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock worth $287,987,000 after buying an additional 183,527 shares during the period. Dimensional Fund Advisors LP grew its position in shares of ManpowerGroup by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock worth $160,539,000 after buying an additional 103,059 shares during the period. AQR Capital Management LLC raised its stake in shares of ManpowerGroup by 55.3% during the second quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock worth $112,264,000 after buying an additional 573,027 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in ManpowerGroup by 1.6% in the fourth quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock valued at $87,151,000 after buying an additional 17,481 shares during the period. 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.