UBS Group Cuts ManpowerGroup (NYSE:MAN) Price Target to $57.00

ManpowerGroup (NYSE:MAN) had its price target lowered by UBS Group from $63.00 to $57.00 in a report issued on Thursday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Truist Financial restated a “hold” rating and issued a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, Barclays upgraded ManpowerGroup from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $55.00 to $50.00 in a report on Thursday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $67.50.

ManpowerGroup Stock Up 0.5 %

MAN stock opened at $51.02 on Thursday. The firm has a market cap of $2.38 billion, a PE ratio of 17.06 and a beta of 1.28. ManpowerGroup has a 1 year low of $47.29 and a 1 year high of $78.87. The company has a fifty day simple moving average of $56.55 and a 200 day simple moving average of $60.49. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MAN. Dimensional Fund Advisors LP raised its stake in ManpowerGroup by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider’s stock valued at $143,942,000 after purchasing an additional 59,763 shares during the last quarter. AQR Capital Management LLC increased its stake in ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock valued at $130,125,000 after acquiring an additional 711,043 shares during the period. Invesco Ltd. raised its holdings in ManpowerGroup by 4.2% in the 4th quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider’s stock valued at $110,623,000 after acquiring an additional 77,234 shares in the last quarter. Millennium Management LLC grew its holdings in shares of ManpowerGroup by 137.0% during the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock worth $46,845,000 after purchasing an additional 469,184 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of ManpowerGroup by 0.5% during the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock valued at $58,444,000 after purchasing an additional 4,113 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.