ManpowerGroup (NYSE:MAN – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.
A number of other research firms also recently weighed in on MAN. Robert W. Baird decreased their price target on ManpowerGroup from $101.00 to $97.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. Argus downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. BMO Capital Markets reduced their target price on ManpowerGroup from $92.00 to $80.00 in a research note on Monday, April 24th. Northcoast Research downgraded ManpowerGroup from a “buy” rating to a “neutral” rating in a research note on Thursday, January 26th. Finally, Truist Financial reduced their target price on ManpowerGroup from $92.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.00.
ManpowerGroup Stock Up 0.5 %
MAN stock traded up $0.38 during mid-day trading on Friday, reaching $72.35. The company had a trading volume of 391,313 shares, compared to its average volume of 340,841. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a 50 day simple moving average of $75.98 and a two-hundred day simple moving average of $82.33. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 6.70 and a beta of 1.66. ManpowerGroup has a 52 week low of $64.00 and a 52 week high of $92.43.
Institutional Trading of ManpowerGroup
Several institutional investors have recently added to or reduced their stakes in MAN. Lingohr & Partner Asset Management GmbH raised its holdings in ManpowerGroup by 2.5% in the 3rd quarter. Lingohr & Partner Asset Management GmbH now owns 5,023 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 123 shares in the last quarter. IFP Advisors Inc raised its holdings in ManpowerGroup by 14.3% in the 3rd quarter. IFP Advisors Inc now owns 1,041 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 130 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in ManpowerGroup by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 9,969 shares of the business services provider’s stock valued at $830,000 after acquiring an additional 132 shares in the last quarter. Capital Insight Partners LLC raised its holdings in ManpowerGroup by 4.2% in the 1st quarter. Capital Insight Partners LLC now owns 3,465 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 140 shares in the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in ManpowerGroup by 8.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 1,965 shares of the business services provider’s stock valued at $10,468,000 after acquiring an additional 147 shares in the last quarter. 97.27% of the stock is currently owned by institutional investors.
About ManpowerGroup
ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.