ManpowerGroup (NYSE:MAN) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded ManpowerGroup from “hold” to “buy,” while the broader analyst consensus remains “hold” with an average price target of $53.50.
• ManpowerGroup reported quarterly earnings of $0.99 per share, beating estimates of $0.96, and revenue of $4.86 billion versus expectations of $4.72 billion.
• The stock opened at $57.55, near its 12-month high of $63.88, and institutional investors own approximately 98.03% of the company’s shares.

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

Several other research firms have also recently weighed in on MAN. Robert W. Baird increased their target price on shares of ManpowerGroup from $45.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Weiss Ratings upgraded ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. UBS Group upped 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. Barclays raised 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. Finally, The Goldman Sachs Group lifted their price objective on ManpowerGroup from $36.00 to $57.00 and gave the stock 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $53.50.

ManpowerGroup Stock Performance

Shares of NYSE MAN opened at $57.55 on Friday. ManpowerGroup has a 12 month low of $25.15 and a 12 month high of $63.88. The company has a market cap of $2.68 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.28 and a beta of 0.70. The business's 50 day moving average is $56.10 and its two-hundred day moving average is $39.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in ManpowerGroup by 30.5% during the 1st 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 last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of ManpowerGroup by 12.1% during the first quarter. The Manufacturers Life Insurance Company now owns 8,102 shares of the business services provider's stock worth $239,000 after buying an additional 875 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of ManpowerGroup during the second quarter worth approximately $30,000. Hantz Financial Services Inc. raised its stake in shares of ManpowerGroup by 320.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider's stock valued at $41,000 after acquiring an additional 1,049 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of ManpowerGroup by 55.2% in the first quarter. EverSource Wealth Advisors LLC now owns 3,021 shares of the business services provider's stock valued at $89,000 after acquiring an additional 1,074 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Company Profile

ManpowerGroup Inc is a global workforce solutions and staffing company that connects organizations with skilled talent and helps individuals build careers. The company provides temporary and permanent recruitment, workforce management, talent development, career transition and outplacement services.

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 process outsourcing, talent consulting and workforce management services.

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