ManpowerGroup Inc. has recently faced target price adjustments from multiple financial institutions due to a cautious outlook on the company's stock performance.
Truist Financial lowered its target price from $78.00 to $74.00, while JPMorgan Chase & Co. reduced its price objective from $84.00 to $75.00, and UBS Group decreased its target from $78.00 to $71.00. On the other hand, BMO Capital Markets increased its price target from $80.00 to $87.00.
The consensus among six equities research analysts currently stands at a "hold" rating, with an average price target of $79.80.
ManpowerGroup's stock has experienced notable fluctuations, recently trading down to $64.59. The company's market capitalization is $3.08 billion, with a P/E ratio of 66.53. ManpowerGroup has a debt-to-equity ratio of 0.45 and current and quick ratios of 1.14.
The recent earnings report showed a year-over-year revenue decline of 6.9%. ManpowerGroup's latest earnings report revealed an EPS of $1.30, surpassing analysts' expectations, but the company's revenue fell slightly short of the anticipated amount. The report highlighted a net margin of 0.25% and a return on equity of 11.08%.
Institutional investors have been actively adjusting their holdings in ManpowerGroup, with some firms increasing their stakes significantly. The overall sentiment among institutional investors appears to be bullish, as they collectively own 98.03% of the company's stock.
The mixed ratings from financial institutions and the recent earnings report suggest potential for recovery but also significant challenges.