ManpowerGroup Inc. (NYSE:MAN – Get Free Report) hit a new 52-week low during mid-day trading on Friday after BMO Capital Markets lowered their price target on the stock from $87.00 to $71.00. BMO Capital Markets currently has a market perform rating on the stock. ManpowerGroup traded as low as $65.52 and last traded at $66.01, with a volume of 39460 shares changing hands. The stock had previously closed at $67.05.
Several other brokerages also recently commented on MAN. UBS Group cut their target price on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday. Truist Financial lowered their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. cut their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Six 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 company has a consensus rating of “Hold” and a consensus price target of $76.60.
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ManpowerGroup Price Performance
The firm has a market capitalization of $3.11 billion, a P/E ratio of 66.63 and a beta of 1.45. 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 50 day simple moving average of $71.81 and a two-hundred day simple moving average of $72.74.
ManpowerGroup (NYSE:MAN – Get Free Report) last posted 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. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the firm posted $1.58 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. On average, sell-side analysts expect that ManpowerGroup Inc. will post 4.87 EPS for the current fiscal year.
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.
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