Barclays Has Lowered Expectations for ManpowerGroup (NYSE:MAN) Stock Price

Key Points

• Barclays cut its price target on ManpowerGroup from $35 to $30 and kept an "equal weight" rating, implying roughly a 12% upside from the current share price.
• Analyst sentiment is mixed but leans neutral with a consensus Hold rating and an average target of $39.63 (2 Buy, 5 Hold, 1 Sell).
• Shares trade around $26.76 (near the 12‑month low of $25.15) with a $1.24B market cap; the company recently beat quarterly EPS and revenue estimates but reported a slight negative net margin.

ManpowerGroup (NYSE:MAN - Get Free Report) had its target price lowered by Barclays from $35.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the business services provider's stock. Barclays's price target would suggest a potential upside of 12.13% from the company's current price.

Several other research firms have also issued reports on MAN. Weiss Ratings reiterated a "sell (d)" rating on shares of ManpowerGroup in a research note on Friday, March 27th. Robert W. Baird set a $50.00 target price on ManpowerGroup in a research note on Friday, January 30th. Wall Street Zen lowered ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Argus upgraded ManpowerGroup from a "hold" rating to a "buy" rating and set a $42.00 target price on the stock in a research note on Tuesday, February 3rd. Finally, The Goldman Sachs Group raised ManpowerGroup from a "sell" rating to a "neutral" rating and set a $30.00 price target for the company in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Buy rating, five 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 has a consensus rating of "Hold" and an average target price of $39.63.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock opened at $26.76 on Monday. The firm has a market cap of $1.24 billion, a P/E ratio of -88.86 and a beta of 0.84. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. ManpowerGroup has a 12 month low of $25.15 and a 12 month high of $52.38. The stock's fifty day moving average price is $29.06 and its 200-day moving average price is $30.55.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.63 billion. ManpowerGroup had a positive return on equity of 6.81% and a negative net margin of 0.07%.The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 earnings per share. On average, equities research analysts expect that ManpowerGroup will post 4.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of ManpowerGroup during the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ManpowerGroup during the third quarter worth about $30,000. GAMMA Investing LLC lifted its holdings in shares of ManpowerGroup by 103.3% during the third quarter. GAMMA Investing LLC now owns 799 shares of the business services provider's stock worth $30,000 after purchasing an additional 406 shares during the period. True Wealth Design LLC lifted its holdings in shares of ManpowerGroup by 72.5% during the third quarter. True Wealth Design LLC now owns 802 shares of the business services provider's stock worth $30,000 after purchasing an additional 337 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of ManpowerGroup by 122.2% during the third quarter. UMB Bank n.a. now owns 991 shares of the business services provider's stock worth $38,000 after purchasing an additional 545 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

About ManpowerGroup

ManpowerGroup NYSE: MAN is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company's service offerings are organized into four principal brands.

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