ManpowerGroup (NYSE:MAN) Trading 4.6% Higher – Should You Buy?

ManpowerGroup Inc. (NYSE:MAN) shares shot up 4.6% during mid-day trading on Thursday . The company traded as high as $61.06 and last traded at $61.28. 725,307 shares traded hands during trading, a decline of 6% from the average session volume of 770,107 shares. The stock had previously closed at $58.61.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MAN. UBS Group reduced their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Truist Financial reiterated a “hold” rating and issued a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Barclays lowered their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Price Performance

The business has a fifty day moving average price of $57.40 and a 200-day moving average price of $63.51. The stock has a market capitalization of $2.90 billion, a PE ratio of 20.75 and a beta of 1.45. 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 Trading of ManpowerGroup

Several institutional investors have recently added to or reduced their stakes in the business. Colonial Trust Co SC bought a new stake in shares of ManpowerGroup in the 4th quarter valued at about $28,000. WFA Asset Management Corp bought a new position in shares of ManpowerGroup in the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. raised its holdings in ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after buying an additional 562 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in ManpowerGroup during the 3rd quarter valued at $54,000. Finally, Blue Trust Inc. raised its position in ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 778 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other 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.