ManpowerGroup (NYSE:MAN) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded ManpowerGroup from “buy” to “hold.” The broader analyst consensus is also “Hold,” with three Buy ratings and six Hold ratings and an average price target of $53.50.
• ManpowerGroup reported quarterly EPS of $0.99, beating the $0.96 consensus estimate, while revenue of $4.86 billion exceeded expectations of $4.72 billion. Analysts expect full-year EPS of approximately $3.62.
• The stock opened at $52.77, down 2.9%, with a market capitalization of about $2.45 billion; institutional investors own approximately 98.03% of the shares.

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

Several other analysts also recently issued reports on the company. Truist Financial upped their price target on ManpowerGroup from $34.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. Robert W. Baird boosted their target price on ManpowerGroup from $45.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. The Goldman Sachs Group upped their target price on ManpowerGroup from $36.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. Weiss Ratings upgraded ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Finally, UBS Group increased their price target on ManpowerGroup from $41.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $53.50.

ManpowerGroup Stock Down 2.9%

MAN stock opened at $52.77 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of 23.99, a PEG ratio of 2.15 and a beta of 0.68. ManpowerGroup has a 1 year low of $25.15 and a 1 year high of $63.88. The company has a fifty day simple moving average of $57.74 and a 200 day simple moving average of $42.48. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the prior year, the business posted ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts anticipate that ManpowerGroup will post 3.62 EPS for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in ManpowerGroup in the 2nd quarter worth $30,000. Elevation Wealth Partners LLC raised its position in shares of ManpowerGroup by 2,007.4% during the second quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider's stock valued at $38,000 after buying an additional 1,084 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in shares of ManpowerGroup in the first quarter valued at about $57,000. Allworth Financial LP bought a new stake in shares of ManpowerGroup in the second quarter valued at about $88,000. Finally, Nykredit A S acquired a new stake in ManpowerGroup during the second quarter worth about $90,000. 98.03% of the stock is currently owned by institutional investors.

About ManpowerGroup

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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