ManpowerGroup Inc. (NYSE:MAN – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.88 and last traded at $58.7350, with a volume of 338492 shares traded. The stock had previously closed at $56.22.
Analysts Set New Price Targets
A number of research firms recently commented on MAN. BMO Capital Markets increased their target price on shares of ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Wall Street Zen lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday. Truist Financial increased their price objective on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a report on Friday, July 17th. Finally, UBS Group raised their price objective on ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.50.
Check Out Our Latest Research Report on MAN
ManpowerGroup Stock Up 4.6%
ManpowerGroup (NYSE:MAN – Get Free Report) last released its earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the previous year, the firm earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, analysts anticipate that ManpowerGroup Inc. will post 3.62 EPS for the current year.
Institutional Investors Weigh In On ManpowerGroup
Large investors have recently made changes to their positions in the stock. Baird Financial Group Inc. purchased a new stake in ManpowerGroup during the 1st quarter valued at about $219,000. Goldman Sachs Group Inc. raised its stake in shares of ManpowerGroup by 12.5% in the first quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock worth $20,109,000 after purchasing an additional 38,710 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of ManpowerGroup by 3.2% during the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock worth $778,000 after purchasing an additional 414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ManpowerGroup by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock worth $9,325,000 after purchasing an additional 13,906 shares during the period. Finally, Focus Partners Wealth purchased a new stake in ManpowerGroup in the first quarter valued at approximately $348,000. 98.03% of the stock is owned by hedge funds and other institutional investors.
ManpowerGroup Company Profile
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
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