ManpowerGroup (NYSE:MAN) Reaches New 52-Week High - Here's What Happened

Key Points

• ManpowerGroup shares reached a new 52-week high, trading around $57.67 after climbing from a prior close of $55.34.
• Analyst views remain mixed: BMO Capital Markets and Robert W. Baird raised their price targets to $63 and $72, respectively, while the overall consensus rating is “Hold” with a $53.50 target.
• The company beat quarterly expectations, reporting $0.99 in earnings per share versus a $0.96 estimate and revenue of $4.86 billion versus $4.72 billion expected. Institutional investors own approximately 98.03% of the stock.

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $57.61 and last traded at $57.67, with a volume of 138017 shares. The stock had previously closed at $55.34.

Analysts Set New Price Targets

MAN has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on ManpowerGroup from $36.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, July 17th. BMO Capital Markets raised their price target on shares of ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Wall Street Zen downgraded shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Robert W. Baird upped their price objective 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. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of ManpowerGroup in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $53.50.

ManpowerGroup Price Performance

The stock has a market capitalization of $2.66 billion, a P/E ratio of 26.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.04. The business has a fifty day simple moving average of $40.75 and a 200-day simple moving average of $33.39.

ManpowerGroup (NYSE:MAN - Get Free Report) last released 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. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the previous year, the business posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts expect that ManpowerGroup Inc. will post 3.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors have recently made changes to their positions in MAN. AQR Capital Management LLC boosted its position in shares of ManpowerGroup by 60.3% during the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider's stock worth $140,394,000 after purchasing an additional 1,393,622 shares in the last quarter. Schroder Investment Management Group increased its position in ManpowerGroup by 24.6% in the 4th quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider's stock valued at $66,817,000 after buying an additional 443,790 shares in the last quarter. Quantinno Capital Management LP raised its stake in ManpowerGroup by 235.8% during the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider's stock worth $52,850,000 after buying an additional 1,259,752 shares during the period. State Street Corp raised its stake in ManpowerGroup by 2.0% during the 4th quarter. State Street Corp now owns 1,616,447 shares of the business services provider's stock worth $48,057,000 after buying an additional 31,749 shares during the period. Finally, Millennium Management LLC boosted its holdings in ManpowerGroup by 77.3% in the fourth quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider's stock worth $45,366,000 after acquiring an additional 665,135 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

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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