UBS Group Trims ManpowerGroup (NYSE:MAN) Target Price to $71.00

ManpowerGroup (NYSE:MAN) had its target price dropped by equities research analysts at UBS Group from $78.00 to $71.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective suggests a potential upside of 9.82% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. BMO Capital Markets raised their price objective on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $79.80.

ManpowerGroup Price Performance

NYSE MAN traded down $2.40 during trading on Friday, hitting $64.65. 171,594 shares of the stock traded hands, compared to its average volume of 406,898. The company has a market capitalization of $3.08 billion, a P/E ratio of 66.53 and a beta of 1.45. ManpowerGroup has a 12-month low of $64.35 and a 12-month high of $80.25. The firm has a 50-day simple moving average of $71.81 and a 200-day simple moving average of $72.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. As a group, analysts predict that ManpowerGroup will post 4.87 EPS for the current year.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in shares of ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after acquiring an additional 375 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of ManpowerGroup by 62.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after acquiring an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of ManpowerGroup during the 1st quarter worth approximately $47,000. Headlands Technologies LLC purchased a new position in ManpowerGroup during the 2nd quarter worth $47,000. Finally, Advisors Asset Management Inc. purchased a new position in ManpowerGroup during the 1st quarter worth $49,000. 98.03% of the stock is owned by institutional investors.

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.