ManpowerGroup (NYSE:MAN) Hits New 52-Week Low - What's Next?

Key Points

• ManpowerGroup's stock price fell to a new 52-week low of $36.19 during trading, closing slightly higher at $37.40.
• Analysts have adjusted their price targets, with Truist Financial lowering its objective from $48 to $44 and UBS Group reducing it from $46 to $40, indicating a hold and neutral ratings respectively.
• The company's recent quarterly earnings report showed an EPS of $0.78, exceeding expectations, but revenue decreased 0.5% year-over-year to $4.52 billion.

ManpowerGroup Inc. (NYSE:MAN - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $36.19 and last traded at $37.40, with a volume of 98281 shares. The stock had previously closed at $37.99.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MAN shares. Truist Financial decreased their price objective on ManpowerGroup from $48.00 to $44.00 and set a "hold" rating for the company in a research note on Monday. Wall Street Zen upgraded shares of ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. UBS Group lowered their target price on ManpowerGroup from $46.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of ManpowerGroup in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $46.40.

ManpowerGroup Stock Performance

The stock's 50 day moving average price is $39.75 and its 200 day moving average price is $42.39. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -98.63 and a beta of 1.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the business posted $1.30 EPS. The company's quarterly revenue was down .5% on a year-over-year basis. ManpowerGroup has set its Q3 2025 guidance at 0.770-0.870 EPS. Analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

Institutional Investors Weigh In On ManpowerGroup

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in ManpowerGroup by 321.7% during the second quarter. Allworth Financial LP now owns 662 shares of the business services provider's stock worth $27,000 after acquiring an additional 505 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in ManpowerGroup during the first quarter worth approximately $30,000. GAMMA Investing LLC lifted its position in 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 acquiring an additional 406 shares during the last quarter. Huntington National Bank lifted its position in ManpowerGroup by 41.6% during the second quarter. Huntington National Bank now owns 997 shares of the business services provider's stock worth $40,000 after acquiring an additional 293 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after acquiring an additional 243 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Company Profile

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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