ManpowerGroup Inc. (NYSE:MAN) Receives $119.17 Consensus Price Target from Analysts

ManpowerGroup Inc. (NYSE:MANGet Rating) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $119.17.

Several research firms have commented on MAN. Bank of America began coverage on shares of ManpowerGroup in a research note on Friday, March 11th. They set an “underperform” rating for the company. StockNews.com raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Credit Suisse Group dropped their price objective on shares of ManpowerGroup from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, April 20th. Robert W. Baird dropped their price objective on shares of ManpowerGroup from $144.00 to $120.00 in a research note on Wednesday, April 20th. Finally, BMO Capital Markets lifted their target price on ManpowerGroup from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th.

Hedge funds have recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new stake in shares of ManpowerGroup during the third quarter worth about $29,000. Fifth Third Bancorp boosted its position in ManpowerGroup by 88.6% in the first quarter. Fifth Third Bancorp now owns 347 shares of the business services provider’s stock valued at $33,000 after buying an additional 163 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in ManpowerGroup in the third quarter valued at approximately $48,000. Quent Capital LLC acquired a new position in ManpowerGroup in the fourth quarter valued at approximately $50,000. Finally, Covestor Ltd acquired a new position in ManpowerGroup in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.

Shares of NYSE:MAN opened at $89.31 on Monday. The firm’s 50 day moving average price is $92.26 and its 200-day moving average price is $97.88. ManpowerGroup has a twelve month low of $84.32 and a twelve month high of $124.57. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $4.71 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.77.

ManpowerGroup (NYSE:MANGet Rating) last released its earnings results on Tuesday, April 19th. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.32. ManpowerGroup had a net margin of 1.97% and a return on equity of 17.72%. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter last year, the business earned $1.11 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that ManpowerGroup will post 9.08 earnings per share for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be issued a $1.36 dividend. This is an increase from ManpowerGroup’s previous Semi-Annual dividend of $1.26. This represents a dividend yield of 3%. The ex-dividend date is Tuesday, May 31st. ManpowerGroup’s payout ratio is presently 33.64%.

ManpowerGroup Company Profile (Get Rating)

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

Further Reading

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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