Truist Financial Reaffirms “Hold” Rating for ManpowerGroup (NYSE:MAN)

ManpowerGroup (NYSE:MAN)‘s stock had its “hold” rating reissued by equities research analysts at Truist Financial in a report issued on Friday,Benzinga reports. They presently have a $70.00 target price on the business services provider’s stock, down from their prior target price of $74.00. Truist Financial’s target price indicates a potential upside of 16.19% from the company’s previous close.

MAN has been the topic of a number of other reports. Barclays decreased their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. BMO Capital Markets decreased their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Finally, UBS Group dropped their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.33.

ManpowerGroup Price Performance

NYSE:MAN opened at $60.25 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day moving average of $59.56 and a 200-day moving average of $66.10. ManpowerGroup has a 52 week low of $53.70 and a 52 week high of $78.87. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 76.26 and a beta of 1.46.

Institutional Trading of ManpowerGroup

Several large investors have recently made changes to their positions in MAN. Commerce Bank lifted its position in ManpowerGroup by 4.1% during the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock worth $314,000 after buying an additional 167 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock worth $2,745,000 after purchasing an additional 234 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of ManpowerGroup by 4.5% during the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 235 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in shares of ManpowerGroup by 9.8% during the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 329 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of ManpowerGroup by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 344 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

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.