ManpowerGroup (NYSE:MAN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ManpowerGroup (NYSE:MAN) from a hold rating to a buy rating in a report issued on Sunday,Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the stock. Truist Financial boosted their price target on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Weiss Ratings upgraded shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Robert W. Baird dropped their price objective on shares of ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday. UBS Group reduced their target price on shares of ManpowerGroup from $56.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group decreased their target price on shares of ManpowerGroup from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, ManpowerGroup has an average rating of “Hold” and a consensus price target of $51.25.

ManpowerGroup Stock Performance

NYSE MAN opened at $42.93 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.05 and a quick ratio of 1.04. ManpowerGroup has a 1-year low of $25.15 and a 1-year high of $63.88. The business has a 50 day simple moving average of $56.47 and a two-hundred day simple moving average of $43.45. The stock has a market capitalization of $2.00 billion, a PE ratio of 16.97, a P/E/G ratio of 1.64 and a beta of 0.68.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, October 15th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.86 billion. ManpowerGroup had a return on equity of 7.78% and a net margin of 0.64%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. On average, research analysts predict that ManpowerGroup will post 3.61 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in ManpowerGroup in the 2nd quarter valued at $265,921,000. Quantinno Capital Management LP increased its stake in ManpowerGroup by 235.8% in the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock worth $52,850,000 after purchasing an additional 1,259,752 shares during the period. Alberta Investment Management Corp purchased a new stake in ManpowerGroup in the second quarter worth $33,702,000. Wellington Management Group LLP bought a new stake in shares of ManpowerGroup during the second quarter worth $25,709,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ManpowerGroup during the second quarter worth $16,009,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

About ManpowerGroup

ManpowerGroup Inc is a global workforce solutions and employment services company headquartered in Milwaukee, Wisconsin. Through its brands, the company provides temporary and permanent staffing, recruitment, workforce management, talent development, and career transition services to businesses and job seekers.

Its principal brands include Manpower, which specializes in staffing and workforce services; Experis, which focuses on information technology and professional talent; and Talent Solutions, which provides recruitment process outsourcing, talent consulting, leadership development, and outplacement services.