ManpowerGroup (NYSE:MAN) Stock Dropped to Hold by Wall Street Zen

Wall Street Zen lowered shares of ManpowerGroup (NYSE:MAN – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other research firms have also commented on MAN. Robert W. Baird raised their price target on shares of ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Truist Financial boosted their price objective on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. UBS Group increased their price objective on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. BMO Capital Markets raised their target price on shares of ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group lifted their target price on shares of ManpowerGroup from $36.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $53.50.

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ManpowerGroup Price Performance

MAN stock opened at $52.77 on Friday. The company has a market cap of $2.45 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.09 and a beta of 0.68. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $57.74 and a two-hundred day moving average price of $42.48. ManpowerGroup has a 12-month low of $25.15 and a 12-month high of $63.88.

ManpowerGroup (NYSE:MAN – Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%. During the same period last year, the business posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, research analysts predict that ManpowerGroup will post 3.62 EPS for the current year.

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAN. BlackRock Inc. acquired a new position in shares of ManpowerGroup in the second quarter worth about $265,921,000. Quantinno Capital Management LP raised its position in shares of ManpowerGroup by 235.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock valued at $52,850,000 after purchasing an additional 1,259,752 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at approximately $33,702,000. Wellington Management Group LLP purchased a new position in shares of ManpowerGroup during the 2nd quarter valued at approximately $25,709,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ManpowerGroup during the second quarter worth approximately $16,009,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

About ManpowerGroup

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ManpowerGroup Inc is a global workforce solutions and staffing company headquartered in Milwaukee, Wisconsin. Founded in 1948, the company helps organizations recruit, manage and develop talent while assisting individuals with finding employment and advancing their careers.

ManpowerGroup provides temporary, permanent and contract staffing; recruitment process outsourcing; workforce management; career transition and outplacement services; and talent development programs. Its principal brands include Manpower, which focuses on staffing and workforce solutions; Experis, which specializes in information technology and professional talent; and Talent Solutions, which provides recruitment, career management and workforce consulting services.

The company serves employers and job seekers across a broad range of industries and geographic markets, with operations spanning numerous countries and territories worldwide.

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