ManpowerGroup (NYSE:MAN) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded ManpowerGroup from “Buy” to “Hold,” bringing the overall analyst consensus to “Hold” with a $51.25 average price target.
• Analyst views remain mixed: three analysts rate the stock a Buy, six recommend Hold, and one assigns a Sell rating. Recent target changes ranged from BMO’s reduction to $58 to Barclays’ increase to $47.
• ManpowerGroup reported quarterly EPS of $1.01, in line with estimates, while revenue reached $4.84 billion and increased 4.4% year over year. Institutional investors own 98.03% of the company’s shares.

ManpowerGroup (NYSE:MAN - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Monday, Wall Street Zen reports.

Several other research analysts have also recently weighed in on the company. Barclays upped their price objective on ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, July 20th. Zacks Research lowered ManpowerGroup from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. BMO Capital Markets dropped their target price on ManpowerGroup from $63.00 to $58.00 and set an "outperform" rating on the stock in a research report on Monday, October 19th. Truist Financial boosted their target price on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Three research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $51.25.

ManpowerGroup Trading Down 0.4%

MAN opened at $47.35 on Monday. The stock has a market capitalization of $2.20 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.89 and a beta of 0.68. ManpowerGroup has a 12 month low of $25.15 and a 12 month high of $63.88. The firm's fifty day simple moving average is $55.78 and its 200 day simple moving average is $43.81. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.26.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.01. ManpowerGroup had a return on equity of 7.78% and a net margin of 0.64%. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company'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. As a group, research analysts anticipate that ManpowerGroup will post 3.60 EPS for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in ManpowerGroup during the 2nd quarter worth about $265,921,000. Quantinno Capital Management LP grew its holdings in shares of 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 acquiring an additional 1,259,752 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of ManpowerGroup in the 2nd quarter valued at about $33,702,000. Wellington Management Group LLP bought a new position in shares of ManpowerGroup in the 2nd quarter valued at about $25,709,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ManpowerGroup in the second quarter valued at about $16,009,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

About ManpowerGroup

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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