Analysts Set ManpowerGroup Inc. (NYSE:MAN) Target Price at $73.00

ManpowerGroup Inc. (NYSE:MAN) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $71.67.

A number of research analysts have issued reports on the company. UBS Group reduced their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday. Barclays reduced their price objective on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Finally, Truist Financial dropped their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Friday, October 18th.

ManpowerGroup Price Performance

NYSE MAN opened at $59.56 on Wednesday. The company has a 50-day moving average price of $59.93 and a two-hundred day moving average price of $66.74. ManpowerGroup has a 52 week low of $53.70 and a 52 week high of $78.87. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 75.39 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, October 17th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. ManpowerGroup had a return on equity of 11.05% and a net margin of 0.21%. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.48 billion. Analysts forecast that ManpowerGroup will post 4.55 EPS for the current year.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $1.545 per share. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date of this dividend was Monday, December 2nd. ManpowerGroup’s payout ratio is presently 389.88%.

Insider Buying and Selling at ManpowerGroup

In other ManpowerGroup news, CFO John T. Mcginnis acquired 8,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average price of $62.28 per share, with a total value of $498,240.00. Following the purchase, the chief financial officer now directly owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. This trade represents a 12.77 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of ManpowerGroup

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in shares of ManpowerGroup by 168.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 18,764 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of ManpowerGroup by 39.8% during the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 2,208 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at $1,250,000. FORA Capital LLC acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at $636,000. Finally, Advisors Asset Management Inc. increased its stake in ManpowerGroup by 149.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 55,070 shares of the business services provider’s stock worth $4,049,000 after purchasing an additional 32,992 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

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.