ManpowerGroup (NYSE:MAN) Sets New 52-Week High - Time to Buy?

Key Points

• ManpowerGroup shares reached a new 52-week high of $60.97 and last traded at $60.51, up from the prior close of $59.48.
• Analyst sentiment remains mixed: the stock has an average rating of “Hold” and an average price target of $53.50, although some firms raised targets as high as $72 and maintained outperform ratings.
• The company exceeded quarterly expectations, reporting $0.99 in earnings per share versus a $0.96 consensus estimate and $4.86 billion in revenue versus $4.72 billion expected. Institutional investors own approximately 98.03% of outstanding shares.

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.97 and last traded at $60.5090, with a volume of 415776 shares trading hands. The stock had previously closed at $59.48.

Wall Street Analyst Weigh In

Several equities analysts have commented on MAN shares. Truist Financial upped their price objective on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a "hold" rating in a report on Friday, July 17th. BMO Capital Markets lifted their price objective on ManpowerGroup from $49.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Barclays raised their target price on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, July 20th. Robert W. Baird upped their price target on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $53.50.

ManpowerGroup Price Performance

The stock has a market cap of $2.78 billion, a P/E ratio of 27.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04. The business's fifty day moving average price is $44.80 and its 200 day moving average price is $34.92.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, beating 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 period last year, the company posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts forecast that ManpowerGroup Inc. will post 3.62 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd grew its holdings in shares of ManpowerGroup by 910.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 128,816 shares of the business services provider's stock worth $3,795,000 after purchasing an additional 116,071 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings 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 valued at $2,306,000 after buying an additional 26,536 shares during the last quarter. Renaissance Technologies LLC bought a new position in ManpowerGroup in the 1st quarter valued at approximately $1,180,000. Assenagon Asset Management S.A. acquired a new stake in ManpowerGroup during the 2nd quarter worth approximately $4,323,000. Finally, First Trust Advisors LP boosted its position in ManpowerGroup by 291.3% during the 1st quarter. First Trust Advisors LP now owns 112,648 shares of the business services provider's stock worth $3,319,000 after buying an additional 83,858 shares during the period. Institutional investors 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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