ManpowerGroup (NYSE:MAN) Reaches New 52-Week Low After Analyst Downgrade

Key Points

• ManpowerGroup's stock reached a new 52-week low at $33.26 following a downgrade from UBS Group, which lowered its price target from $40.00 to $39.00.
• Analysts have mixed opinions on ManpowerGroup, with five giving it a Hold rating and two issuing a Sell rating, resulting in a consensus target price of $42.67.
• The company reported a 0.83 EPS for the quarter, surpassing analyst expectations, and had a revenue increase of 2.3% compared to the same quarter last year.

ManpowerGroup Inc. (NYSE:MAN - Get Free Report)'s share price hit a new 52-week low during trading on Monday after UBS Group lowered their price target on the stock from $40.00 to $39.00. UBS Group currently has a neutral rating on the stock. ManpowerGroup traded as low as $33.26 and last traded at $34.23, with a volume of 1802160 shares traded. The stock had previously closed at $35.54.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. The Goldman Sachs Group cut their price objective on ManpowerGroup from $37.00 to $33.00 and set a "sell" rating on the stock in a report on Friday. Weiss Ratings reiterated a "sell (d+)" rating on shares of ManpowerGroup in a report on Wednesday, October 8th. Truist Financial cut their price objective on ManpowerGroup from $48.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, October 13th. Finally, Barclays cut their price objective on ManpowerGroup from $50.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $42.67.

Institutional Trading of ManpowerGroup

A number of large investors have recently added to or reduced their stakes in MAN. Northwestern Mutual Wealth Management Co. purchased a new position in shares of ManpowerGroup in the first quarter worth about $30,000. Allworth Financial LP increased its stake in shares of ManpowerGroup by 321.7% in the second quarter. Allworth Financial LP now owns 662 shares of the business services provider's stock worth $27,000 after purchasing an additional 505 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after acquiring an additional 243 shares during the period. GAMMA Investing LLC boosted its position in shares of ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after acquiring an additional 488 shares during the period. Finally, Huntington National Bank boosted its position in shares of ManpowerGroup by 41.6% in the second quarter. Huntington National Bank now owns 997 shares of the business services provider's stock valued at $40,000 after acquiring an additional 293 shares during the period. Hedge funds and other institutional investors own 98.03% of the company's stock.

ManpowerGroup Price Performance

The business's 50-day moving average price is $39.50 and its 200 day moving average price is $41.80. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.56 billion, a P/E ratio of -71.88 and a beta of 1.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The business services provider reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.02. ManpowerGroup had a negative net margin of 0.12% and a positive return on equity of 7.02%. The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the business earned $1.29 earnings per share. ManpowerGroup's revenue was up 2.3% compared to the same quarter last year. ManpowerGroup has set its Q4 2025 guidance at 0.780-0.88 EPS. Analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

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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