ManpowerGroup (NYSE:MAN) Stock Gets Downgrade from BNP Paribas Exane

Key Points

• BNP Paribas Exane downgraded ManpowerGroup from “outperform” to “neutral” while setting a $52.50 price target, implying roughly 10% upside from the reported share price.
• Analyst sentiment is mixed but leans cautious: ManpowerGroup has an average “Hold” rating and an average price target of $51.39, with recent target reductions from several brokerages.
• The company met quarterly EPS estimates at $1.01, while revenue of $4.84 billion came in slightly below expectations; institutional investors own approximately 98% of the stock.

ManpowerGroup (NYSE:MAN - Get Free Report) was downgraded by investment analysts at BNP Paribas Exane from an "outperform" rating to a "neutral" rating in a report issued on Tuesday, Briefing.com reports. They presently have a $52.50 price objective on the business services provider's stock. BNP Paribas Exane's price target points to a potential upside of 10.19% from the company's current price.

A number of other brokerages have also issued reports on MAN. BMO Capital Markets decreased 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. Zacks Research lowered shares of ManpowerGroup from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 20th. UBS Group cut their price target on shares of ManpowerGroup from $56.00 to $48.00 and set a "neutral" rating for the company in a report on Friday, October 16th. Truist Financial upped their price objective on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, July 17th. Finally, The Goldman Sachs Group decreased their price objective on shares of ManpowerGroup from $57.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, ManpowerGroup presently has an average rating of "Hold" and an average price target of $51.39.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock opened at $47.64 on Tuesday. 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 has a twelve month low of $25.15 and a twelve month high of $63.88. The business has a 50-day moving average price of $54.13 and a 200 day moving average price of $39.95. The firm has a market cap of $2.22 billion, a PE ratio of 18.83, a P/E/G ratio of 1.82 and a beta of 0.68.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, hitting analysts' consensus estimates of $1.01. The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.86 billion. ManpowerGroup had a return on equity of 7.78% and a net margin of 0.64%. ManpowerGroup's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. Sell-side analysts predict that ManpowerGroup will post 3.60 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of ManpowerGroup by 3.1% during the 3rd quarter. GAMMA Investing LLC now owns 8,860 shares of the business services provider's stock worth $492,000 after acquiring an additional 267 shares during the period. Signaturefd LLC boosted its position in shares of ManpowerGroup by 31.1% during the 3rd quarter. Signaturefd LLC now owns 1,125 shares of the business services provider's stock valued at $63,000 after acquiring an additional 267 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of ManpowerGroup by 26.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,435 shares of the business services provider's stock valued at $80,000 after acquiring an additional 297 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of ManpowerGroup by 4.0% in the third quarter. Versant Capital Management Inc now owns 8,110 shares of the business services provider's stock valued at $451,000 after purchasing an additional 312 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of ManpowerGroup by 30.5% in the first quarter. Royal Bank of Canada now owns 3,060 shares of the business services provider's stock valued at $91,000 after purchasing an additional 716 shares during the period. Hedge funds and other institutional investors own 98.03% of the company's stock.

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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