ManpowerGroup (NYSE:MAN) Stock Gets Downgrade from Zacks Research

ManpowerGroup (NYSE:MAN) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

Several other equities analysts have also commented on MAN. Truist Financial raised 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 raised shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 16th. Barclays raised their target price on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Finally, Robert W. Baird cut their target price on shares of ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.25.

ManpowerGroup Trading Up 3.8%

MAN opened at $44.62 on Tuesday. The stock’s fifty day moving average is $56.24 and its two-hundred day moving average is $43.56. The company has a market capitalization of $2.08 billion, a P/E ratio of 17.64, a PEG ratio of 1.71 and a beta of 0.68. ManpowerGroup has a 52 week low of $25.15 and a 52 week high of $63.88. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.26.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. ManpowerGroup had a return on equity of 7.78% and a net margin of 0.64%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the company posted $0.83 EPS. ManpowerGroup’s revenue was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. Analysts forecast that ManpowerGroup will post 3.60 earnings per share for the current year.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its position in ManpowerGroup by 12.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 181,571 shares of the business services provider’s stock valued at $10,092,000 after acquiring an additional 20,076 shares during the last quarter. 55 North Private Wealth LLC acquired a new stake in ManpowerGroup in the third quarter valued at approximately $225,000. Fairvoy Private Wealth LLC purchased a new position in ManpowerGroup in the third quarter worth $875,000. Frank Rimerman Advisors LLC purchased a new position in ManpowerGroup in the third quarter worth $322,000. Finally, Assenagon Asset Management S.A. grew its holdings in ManpowerGroup by 79.9% in the third quarter. Assenagon Asset Management S.A. now owns 230,308 shares of the business services provider’s stock worth $12,801,000 after purchasing an additional 102,308 shares during the last quarter. 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.