ManpowerGroup (NYSE:MAN) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded ManpowerGroup from “hold” to “buy,” though the broader analyst consensus remains “Hold” with an average price target of $53.50.
• ManpowerGroup shares opened at $58.36, near their 12-month high of $59.86, after rising above both their 50-day and 200-day moving averages.
• The company exceeded quarterly expectations, reporting $0.99 in EPS versus $0.96 expected and revenue of $4.86 billion versus $4.72 billion forecast; institutional investors own 98.03% of outstanding 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 report issued on Saturday.

Several other research analysts have also recently weighed in on MAN. The Goldman Sachs Group lifted their price target on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. UBS Group upped their price objective on ManpowerGroup from $41.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. Barclays raised their target price on ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, July 20th. Truist Financial lifted their target price on ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, July 17th. Finally, BMO Capital Markets boosted their price target on ManpowerGroup from $49.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $53.50.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $58.36 on Friday. The firm's 50 day moving average price is $43.78 and its 200-day moving average price is $34.49. ManpowerGroup has a twelve month low of $25.15 and a twelve month high of $59.86. The company has a quick ratio of 1.12, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.71 billion, a PE ratio of 26.53 and a beta of 0.67.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same quarter last year, the firm posted ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Equities research analysts expect that ManpowerGroup will post 3.62 EPS for the current year.

Hedge Funds Weigh In On ManpowerGroup

A number of hedge funds have recently modified their holdings of the company. Y Intercept Hong Kong Ltd boosted its holdings in ManpowerGroup by 910.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 128,816 shares of the business services provider's stock worth $3,795,000 after buying an additional 116,071 shares during the period. State of New Jersey Common Pension Fund D increased its stake in ManpowerGroup by 52.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 77,557 shares of the business services provider's stock worth $2,306,000 after buying an additional 26,536 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in ManpowerGroup during the second quarter valued at about $4,323,000. First Trust Advisors LP raised its holdings in ManpowerGroup by 291.3% during the first quarter. First Trust Advisors LP now owns 112,648 shares of the business services provider's stock valued at $3,319,000 after acquiring an additional 83,858 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of ManpowerGroup in the first quarter valued at about $495,000. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Company Profile

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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