Brokerages Set ManpowerGroup Inc. (NYSE:MAN) Target Price at $76.60

ManpowerGroup Inc. (NYSE:MAN) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $76.60.

Several analysts have recently issued reports on MAN shares. BMO Capital Markets dropped 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 report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. UBS Group reduced their target price on ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a report on Friday, October 18th. Finally, Truist Financial lowered their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th.

ManpowerGroup Trading Down 0.8 %

Shares of NYSE:MAN opened at $65.27 on Friday. The business’s 50 day moving average price is $69.44 and its 200-day moving average price is $71.73. ManpowerGroup has a 1 year low of $61.53 and a 1 year high of $80.25. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 82.62 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.14.

Insider Activity at ManpowerGroup

In related news, CFO John T. Mcginnis bought 8,000 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was bought at an average cost of $62.28 per share, for a total transaction of $498,240.00. Following the acquisition, the chief financial officer now directly owns 70,639 shares in the company, valued at $4,399,396.92. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Trading of ManpowerGroup

Hedge funds have recently made changes to their positions in the company. Strengthening Families & Communities LLC lifted its stake in shares of ManpowerGroup by 10.7% in the 3rd quarter. Strengthening Families & Communities LLC now owns 5,152 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 499 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in ManpowerGroup by 346.2% in the third quarter. Thrivent Financial for Lutherans now owns 51,855 shares of the business services provider’s stock valued at $3,812,000 after buying an additional 40,234 shares during the last quarter. Empowered Funds LLC boosted its stake in ManpowerGroup by 51.2% during the third quarter. Empowered Funds LLC now owns 11,190 shares of the business services provider’s stock worth $823,000 after buying an additional 3,789 shares during the period. Alexander Randolph Advisory Inc. boosted its stake in ManpowerGroup by 2.3% during the third quarter. Alexander Randolph Advisory Inc. now owns 32,603 shares of the business services provider’s stock worth $2,397,000 after buying an additional 742 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of ManpowerGroup in the 3rd quarter valued at approximately $205,000. Hedge funds and other 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.