JPMorgan Chase & Co. Has Lowered Expectations for ManpowerGroup (NYSE:MAN) Stock Price

Key Points

• JPMorgan Chase & Co. has reduced its price target for ManpowerGroup from $52.00 to $42.00, maintaining a "neutral" rating on the stock.
• Other analysts, including Goldman Sachs and UBS Group, have also lowered their target prices, indicating a consensus sentiment of caution regarding ManpowerGroup's stock performance.
• Despite the downgrades, JPMorgan's new price target suggests a potential upside of 25.08% from the current stock price.

ManpowerGroup (NYSE:MAN - Get Free Report) had its price objective decreased by analysts at JPMorgan Chase & Co. from $52.00 to $42.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the business services provider's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 25.08% from the stock's previous close.

A number of other research analysts also recently weighed in on MAN. UBS Group reduced their target price on ManpowerGroup from $40.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday. The Goldman Sachs Group dropped their price target on ManpowerGroup from $37.00 to $33.00 and set a "sell" rating on the stock in a research report on Friday. Truist Financial dropped their price target on ManpowerGroup from $48.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, October 13th. Barclays dropped their price target on ManpowerGroup from $50.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of ManpowerGroup in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $41.33.

ManpowerGroup Trading Down 0.4%

NYSE:MAN traded down $0.13 during mid-day trading on Monday, reaching $33.58. 185,729 shares of the company's stock traded hands, compared to its average volume of 955,168. ManpowerGroup has a 12-month low of $33.26 and a 12-month high of $66.50. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -71.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.98. The company has a 50 day moving average price of $39.50 and a 200-day moving average price of $41.80.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results on Thursday, October 16th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.02. ManpowerGroup had a positive return on equity of 7.02% and a negative net margin of 0.12%.The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the business earned $1.29 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. ManpowerGroup has set its Q4 2025 guidance at 0.780-0.88 EPS. On average, sell-side analysts predict that ManpowerGroup will post 4.23 earnings per share for the current year.

Hedge Funds Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in ManpowerGroup in the 1st quarter valued at approximately $30,000. Allworth Financial LP raised its stake in ManpowerGroup by 321.7% during the 2nd quarter. Allworth Financial LP now owns 662 shares of the business services provider's stock valued at $27,000 after buying an additional 505 shares during the last quarter. GAMMA Investing LLC raised its stake in ManpowerGroup by 190.6% during the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after buying an additional 488 shares during the last quarter. Huntington National Bank raised its stake in ManpowerGroup by 41.6% during the 2nd quarter. Huntington National Bank now owns 997 shares of the business services provider's stock valued at $40,000 after buying an additional 293 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in ManpowerGroup by 177.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,773 shares of the business services provider's stock valued at $72,000 after buying an additional 1,134 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.

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