Wall Street Zen cut shares of ManpowerGroup (NYSE:MAN – Free Report) from a buy rating to a hold rating in a report issued on Monday,Wall Street Zen reports.
Several other research firms have also issued reports on MAN. Robert W. Baird reduced their price objective on shares of ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Weiss Ratings raised shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Truist Financial increased their target price on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Zacks Research lowered ManpowerGroup from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Finally, BMO Capital Markets reduced their price target on ManpowerGroup from $63.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, October 19th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $51.25.
View Our Latest Analysis on ManpowerGroup
ManpowerGroup Trading Down 2.7%
NYSE:MAN opened at $46.25 on Monday. The stock’s 50 day moving average price is $55.47 and its 200 day moving average price is $39.56. ManpowerGroup has a 52 week low of $25.15 and a 52 week high of $63.88. The company has a market capitalization of $2.15 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.89 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.04 and a current ratio of 1.05.
ManpowerGroup (NYSE:MAN – Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. ManpowerGroup had a net margin of 0.64% and a return on equity of 7.78%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. On average, research analysts forecast that ManpowerGroup will post 3.60 EPS for the current fiscal year.
Hedge Funds Weigh In On ManpowerGroup
A number of institutional investors have recently modified their holdings of MAN. BlackRock Inc. acquired a new stake in shares of ManpowerGroup in the second quarter worth $265,921,000. Quantinno Capital Management LP grew its stake in 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 buying an additional 1,259,752 shares during the last quarter. Alberta Investment Management Corp acquired a new position in ManpowerGroup in the 2nd quarter valued at $33,702,000. Wellington Management Group LLP bought a new position in ManpowerGroup in the 2nd quarter worth $25,709,000. Finally, RBF Capital LLC raised its holdings in ManpowerGroup by 1.0% in the 1st quarter. RBF Capital LLC now owns 475,017 shares of the business services provider’s stock worth $13,994,000 after acquiring an additional 4,934 shares during the period. Institutional investors own 98.03% of the company’s stock.
ManpowerGroup Company Profile
ManpowerGroup Inc is a global workforce solutions and employment services company headquartered in Milwaukee, Wisconsin. Through its brands, the company provides temporary and permanent staffing, recruitment, workforce management, talent development, and career transition services to businesses and job seekers.
Its principal brands include Manpower, which specializes in staffing and workforce services; Experis, which focuses on information technology and professional talent; and Talent Solutions, which provides recruitment process outsourcing, talent consulting, leadership development, and outplacement services.
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