ManpowerGroup (NYSE:MAN) Given New $71.00 Price Target at UBS Group

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

MAN has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. BMO Capital Markets increased their price objective on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $76.60.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $65.25 on Friday. 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 company has a 50 day moving average price of $71.72 and a 200 day moving average price of $72.67. ManpowerGroup has a one year low of $64.35 and a one year 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.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in ManpowerGroup by 248.3% in the 3rd 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 increased its stake in shares of ManpowerGroup by 62.4% in the first quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after buying an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in ManpowerGroup during the 1st quarter worth $47,000. Headlands Technologies LLC bought a new stake in ManpowerGroup in the second quarter valued at about $47,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of ManpowerGroup in the 1st quarter valued at approximately $49,000. 98.03% of the stock is owned by institutional investors and hedge funds.

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.