JPMorgan Chase & Co. Issues Pessimistic Forecast for ManpowerGroup (NYSE:MAN) Stock Price

Key Points

• JPMorgan lowered ManpowerGroup’s price target to $50 from $59 while maintaining a neutral rating, implying roughly 17% upside from the reported $42.60 share price.
• Analyst sentiment remains cautious: the consensus rating is “Hold” with an average price target of $51.88, while UBS also cut its target to $48 and Goldman Sachs kept a $50 target.
• ManpowerGroup matched third-quarter EPS expectations at $1.01 and increased revenue 4.4% year over year to $4.84 billion, but revenue slightly missed estimates and fourth-quarter EPS guidance came in below consensus.

ManpowerGroup (NYSE:MAN - Get Free Report) had its price target lowered by JPMorgan Chase & Co. from $59.00 to $50.00 in a research report issued on Friday, Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 17.36% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of ManpowerGroup from a "buy" rating to a "hold" rating in a report on Saturday, October 10th. UBS Group set a $48.00 price objective on shares of ManpowerGroup in a research report on Friday. Weiss Ratings upgraded ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Robert W. Baird set a $65.00 price objective on ManpowerGroup in a report on Friday. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $50.00 price objective on shares of ManpowerGroup in a report on Thursday. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $51.88.

ManpowerGroup Trading Down 2.6%

MAN stock traded down $1.14 during midday trading on Friday, reaching $42.60. 463,156 shares of the company traded hands, compared to its average volume of 1,182,174. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.05 and a beta of 0.68. ManpowerGroup has a 52-week low of $25.15 and a 52-week high of $63.88. The business has a 50 day moving average of $57.34 and a 200-day moving average of $43.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its earnings results on Thursday, October 15th. The business services provider reported $1.01 EPS for the quarter, hitting analysts' consensus estimates of $1.01. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.86 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%. The company's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. As a group, sell-side analysts expect that ManpowerGroup will post 3.62 earnings per share for the current fiscal year.

Institutional Trading of ManpowerGroup

Several institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in ManpowerGroup in the second quarter worth approximately $30,000. Elevation Wealth Partners LLC raised its position in ManpowerGroup by 2,007.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider's stock valued at $38,000 after purchasing an additional 1,084 shares in the last quarter. SJS Investment Consulting Inc. bought a new stake in ManpowerGroup during the 1st quarter valued at $57,000. Allworth Financial LP purchased a new stake in shares of ManpowerGroup in the 2nd quarter worth $88,000. Finally, Nykredit A S purchased a new stake in shares of ManpowerGroup in the 2nd quarter worth $90,000. Institutional investors own 98.03% of the company's stock.

Key ManpowerGroup News

Here are the key news stories impacting ManpowerGroup this week:

• Positive Sentiment: ManpowerGroup reported third-quarter adjusted EPS of $1.01, matching analyst expectations and improving from $0.83 a year earlier. Revenue rose 4% year over year to approximately $4.84 billion, with stronger performance in the Manpower business, Northern Europe, and improving U.S. Experis trends. ManpowerGroup Reports Third-Quarter 2026 Results
• Positive Sentiment: The company expects fourth-quarter constant-currency revenue growth of 3% to 7% and said cost actions are improving SG&A trends. Management also highlighted profitable growth opportunities tied to its technology and artificial-intelligence strategy.
• Neutral Sentiment: Becky Frankiewicz, currently President and Chief Strategy Officer, will become CEO on January 1, 2027. Current CEO Jonas Prising will become Executive Chair. The transition provides leadership continuity, but investors may view the change as an execution risk while the company pursues an AI-focused transformation. ManpowerGroup Announces Leadership Transition
• Negative Sentiment: Fourth-quarter adjusted EPS guidance of $1.03 to $1.13 had a midpoint below the roughly $1.10 analyst consensus, signaling limited near-term earnings upside despite the year-over-year improvement.
• Negative Sentiment: Quarterly revenue of $4.84 billion was slightly below the $4.86 billion consensus estimate. Investors focused more on the revenue shortfall and outlook than on the EPS beat, leading to a sharp selloff in the shares. ManpowerGroup Shares Fall as Revenue Misses Forecasts
• Negative Sentiment: UBS lowered its price target for MAN to $48 from $56 while maintaining a Neutral rating, reinforcing concerns that the company’s recovery may be gradual rather than immediate. UBS Adjusts ManpowerGroup Price Target

ManpowerGroup Company Profile

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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