ManpowerGroup (NYSE:MAN) Stock Gets Downgrade from Zacks Research

Key Points

• Zacks Research downgraded ManpowerGroup from “hold” to “strong sell,” while other analysts largely reduced price targets and maintained neutral or hold ratings. The consensus rating remains “Hold,” with an average target price of $51.25.
• ManpowerGroup shares opened at $44.62 and were reported up 3.8%, despite trading below the 50-day moving average of $56.24. The stock’s 52-week range is $25.15 to $63.88.
• The company’s latest quarterly results met EPS expectations at $1.01, while revenue of $4.84 billion was slightly below estimates but increased 4.4% year over year. Institutional investors and hedge funds own approximately 98.03% of the stock.

ManpowerGroup (NYSE:MAN - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of ManpowerGroup from $59.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, October 16th. The Goldman Sachs Group reduced their price objective on ManpowerGroup from $57.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Wall Street Zen raised ManpowerGroup from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group decreased their price objective on ManpowerGroup from $56.00 to $48.00 and set a "neutral" rating on the stock in a research report on Friday, October 16th. Finally, Truist Financial increased their price objective on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $51.25.

ManpowerGroup Trading Up 3.8%

MAN opened at $44.62 on Tuesday. ManpowerGroup has a 1-year low of $25.15 and a 1-year high of $63.88. The stock has a market capitalization of $2.08 billion, a PE ratio of 17.64, a PEG ratio of 1.71 and a beta of 0.68. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $56.24 and a two-hundred day moving average price of $43.56.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced 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 net margin of 0.64% and a return on equity of 7.78%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the business earned $0.83 earnings per share. ManpowerGroup's quarterly 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, equities analysts anticipate that ManpowerGroup will post 3.60 earnings per share for the current fiscal year.

Institutional Trading of ManpowerGroup

A number of hedge funds have recently modified their holdings of MAN. GAMMA Investing LLC grew its holdings in ManpowerGroup by 3.1% during the third quarter. GAMMA Investing LLC now owns 8,860 shares of the business services provider's stock valued at $492,000 after purchasing an additional 267 shares during the period. Elevation Wealth Partners LLC increased its stake in ManpowerGroup by 26.1% in the third quarter. Elevation Wealth Partners LLC now owns 1,435 shares of the business services provider's stock valued at $80,000 after purchasing an additional 297 shares in the last quarter. Versant Capital Management Inc increased its stake in 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 in the last quarter. Royal Bank of Canada raised its holdings in ManpowerGroup by 30.5% in the first quarter. Royal Bank of Canada now owns 3,060 shares of the business services provider's stock worth $91,000 after purchasing an additional 716 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in ManpowerGroup by 12.1% in the first quarter. The Manufacturers Life Insurance Company now owns 8,102 shares of the business services provider's stock worth $239,000 after purchasing an additional 875 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Company Profile

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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