ManpowerGroup (NYSE:MAN) Reaches New 12-Month Low – Time to Sell?

ManpowerGroup Inc. (NYSE:MAN)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $53.67 and last traded at $53.73, with a volume of 610568 shares. The stock had previously closed at $54.95.

Analyst Ratings Changes

A number of research firms have commented on MAN. Barclays reduced their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group reduced their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Truist Financial reiterated a “hold” rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.33.

ManpowerGroup Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $57.55 and a two-hundred day moving average price of $64.28. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 17.97 and a beta of 1.45.

Institutional Trading of ManpowerGroup

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its position in ManpowerGroup by 122.8% in the 4th quarter. Mackenzie Financial Corp now owns 55,554 shares of the business services provider’s stock valued at $3,207,000 after acquiring an additional 30,622 shares during the period. Neo Ivy Capital Management acquired a new stake in ManpowerGroup in the 4th quarter valued at approximately $1,667,000. CSS LLC IL increased its position in ManpowerGroup by 26.1% in the 4th quarter. CSS LLC IL now owns 17,022 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 3,522 shares during the period. PharVision Advisers LLC acquired a new stake in ManpowerGroup in the 4th quarter valued at approximately $475,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ManpowerGroup by 2.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,198 shares of the business services provider’s stock valued at $8,496,000 after acquiring an additional 2,943 shares during the period. 98.03% of the stock is currently 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.