ManpowerGroup (NYSE:MAN) Sets New 12-Month High – Here’s What Happened

Shares of ManpowerGroup Inc. (NYSE:MAN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.97 and last traded at $60.5090, with a volume of 415776 shares trading hands. The stock had previously closed at $59.48.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets lifted their target price on ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Truist Financial increased their price target on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Weiss Ratings upgraded ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group lifted their price objective on ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and an average price target of $53.50.

ManpowerGroup Stock Performance

The stock has a market capitalization of $2.78 billion, a P/E ratio of 27.25 and a beta of 0.67. 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 company has a 50-day moving average price of $44.80 and a two-hundred day moving average price of $34.92.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the prior year, the company earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, equities analysts forecast that ManpowerGroup Inc. will post 3.62 earnings per share for the current year.

Hedge Funds Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth approximately $265,921,000. AQR Capital Management LLC lifted its position in shares of ManpowerGroup by 60.3% during the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock valued at $140,394,000 after acquiring an additional 1,393,622 shares during the period. Schroder Investment Management Group boosted its stake in ManpowerGroup by 24.6% during the fourth quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider’s stock worth $66,817,000 after acquiring an additional 443,790 shares in the last quarter. Quantinno Capital Management LP boosted its stake in ManpowerGroup by 235.8% during the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock worth $52,850,000 after acquiring an additional 1,259,752 shares in the last quarter. Finally, State Street Corp grew its holdings in ManpowerGroup by 2.0% in the fourth quarter. State Street Corp now owns 1,616,447 shares of the business services provider’s stock worth $48,057,000 after purchasing an additional 31,749 shares during the period. 98.03% of the stock is currently owned by institutional investors.

About ManpowerGroup

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.