ManpowerGroup Inc. (NYSE:MAN - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $62.96 and last traded at $61.38, with a volume of 674341 shares traded. The stock had previously closed at $61.45.
Analysts Set New Price Targets
MAN has been the subject of a number of analyst reports. Barclays lifted their target price on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of ManpowerGroup from a "sell (d)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Wall Street Zen raised shares of ManpowerGroup from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Robert W. Baird upped their price objective 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, BMO Capital Markets increased their target price on shares of ManpowerGroup from $49.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $53.50.
View Our Latest Analysis on ManpowerGroup
ManpowerGroup Stock Down 0.1%
The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $46.97 and a 200-day simple moving average of $35.64. The stock has a market cap of $2.85 billion, a P/E ratio of 27.90 and a beta of 0.67.
ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The business had revenue of $4.86 billion during the quarter, compared to analysts' expectations of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same period in the previous year, the company earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Analysts expect that ManpowerGroup Inc. will post 3.62 EPS for the current year.
Institutional Investors Weigh In On ManpowerGroup
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP bought a new stake in ManpowerGroup during the 3rd quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new position in shares of ManpowerGroup during the second quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of ManpowerGroup during the third quarter worth approximately $30,000. Fifth Third Bancorp boosted its position in shares of ManpowerGroup by 637.7% in the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider's stock valued at $33,000 after acquiring an additional 963 shares during the period. Finally, Elevation Wealth Partners LLC boosted its position in shares of 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 valued at $38,000 after acquiring an additional 1,084 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.
ManpowerGroup Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider ManpowerGroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ManpowerGroup wasn't on the list.
While ManpowerGroup currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
