ManpowerGroup (NYSE:MAN) Reaches New 12-Month High - Here's Why

Key Points

• ManpowerGroup shares reached a new 52-week high of $63.88 before trading at $62.14, despite slipping 1.5% during the session.
• Analysts raised their price targets following the company’s results, including Baird’s increase to $72; however, the overall consensus remains “Hold” with an average target of $53.50.
• ManpowerGroup exceeded quarterly expectations, reporting $0.99 in EPS versus $0.96 expected and revenue of $4.86 billion compared with the $4.72 billion consensus estimate.

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $63.88 and last traded at $62.14, with a volume of 596341 shares trading hands. The stock had previously closed at $62.39.

Analyst Ratings Changes

MAN has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. UBS Group raised their price target on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. Barclays boosted their price target on shares of ManpowerGroup from $30.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, July 20th. Truist Financial increased 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. Finally, The Goldman Sachs Group raised their target price 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. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, ManpowerGroup presently has a consensus rating of "Hold" and an average price target of $53.50.

ManpowerGroup Trading Down 1.5%

The company has a market capitalization of $2.86 billion, a PE ratio of 27.93 and a beta of 0.67. The company has a fifty day simple moving average of $49.23 and a 200-day simple moving average of $36.38. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.During the same quarter in the previous year, the firm earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Analysts predict that ManpowerGroup Inc. will post 3.62 EPS for the current year.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of ManpowerGroup during the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in ManpowerGroup in the third quarter valued at approximately $30,000. Global Retirement Partners LLC acquired a new position in ManpowerGroup in the second quarter valued at approximately $30,000. Fifth Third Bancorp grew its position in ManpowerGroup by 637.7% in the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider's stock worth $33,000 after acquiring an additional 963 shares during the period. Finally, Elevation Wealth Partners LLC grew its position in ManpowerGroup by 2,007.4% in the second quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider's stock worth $38,000 after acquiring an additional 1,084 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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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