ManpowerGroup (NYSE:MAN) Stock Rating Lowered by Wall Street Zen

ManpowerGroup (NYSE:MAN) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Wall Street Zen reports.

Several other research firms have also commented on MAN. Robert W. Baird reduced their target price on shares of ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. BNP Paribas Exane lowered shares of ManpowerGroup from an “outperform” rating to a “neutral” rating and set a $52.50 price target for the company. in a research report on Tuesday, November 3rd. Truist Financial raised their price objective on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Barclays lifted their price objective on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Finally, BMO Capital Markets lowered their target price on ManpowerGroup from $63.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.39.

ManpowerGroup Stock Down 0.0%

Shares of MAN opened at $46.09 on Wednesday. The firm has a market cap of $2.14 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.83 and a beta of 0.78. The stock has a 50 day simple moving average of $51.56 and a two-hundred day simple moving average of $40.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.05 and a quick ratio of 1.05. ManpowerGroup has a 1 year low of $25.15 and a 1 year high of $63.88.

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

Hedge Funds Weigh In On ManpowerGroup

A number of hedge funds have recently modified their holdings of MAN. Advisors Asset Management Inc. bought a new stake in shares of ManpowerGroup in the third quarter worth about $8,209,000. GW&K Investment Management LLC bought a new position in ManpowerGroup during the 3rd quarter valued at approximately $3,786,000. Private Advisor Group LLC bought a new position in ManpowerGroup during the 3rd quarter valued at approximately $1,572,000. Focus Advisor Solutions LLC purchased a new stake in ManpowerGroup in the 3rd quarter worth approximately $213,000. Finally, Meeder Asset Management Inc. purchased a new stake in ManpowerGroup in the 3rd quarter worth approximately $797,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Company Profile

ManpowerGroup Inc. is a global workforce solutions company that helps organizations find, manage and develop talent. Its services include permanent and temporary recruitment, staffing, workforce management, outsourcing and career-transition support. The company operates through brands including Manpower, Experis and Talent Solutions. These businesses serve employers and job seekers across a range of industries, offering services from general staffing and professional recruitment to technology talent and workforce development.