ManpowerGroup (NYSE:MAN) Rating Lowered to Hold at Wall Street Zen

ManpowerGroup (NYSE:MAN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Monday, Wall Street Zen reports.

A number of other brokerages have also commented on MAN. The Goldman Sachs Group cut their price target on ManpowerGroup from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Barclays lifted their target price on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Weiss Ratings raised ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Robert W. Baird decreased their price objective on ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Finally, UBS Group lowered 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, October 16th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and an average target price of $51.25.

ManpowerGroup Stock Down 1.1%

MAN opened at $45.69 on Monday. ManpowerGroup has a 12 month low of $25.15 and a 12 month high of $63.88. The firm’s fifty day simple moving average is $55.25 and its 200 day simple moving average is $39.64.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. ManpowerGroup’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. On average, research analysts predict that ManpowerGroup will post 3.60 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hanseatic Management Services Inc. purchased a new position in ManpowerGroup in the 3rd quarter valued at approximately $498,000. VestGen Advisors LLC bought a new stake in ManpowerGroup during the third quarter valued at $10,578,000. Signaturefd LLC grew its position in ManpowerGroup by 31.1% during the third quarter. Signaturefd LLC now owns 1,125 shares of the business services provider’s stock worth $63,000 after buying an additional 267 shares in the last quarter. RWC Asset Management LLP purchased a new position in shares of ManpowerGroup during the third quarter worth about $263,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in ManpowerGroup by 12.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 181,571 shares of the business services provider’s stock valued at $10,092,000 after purchasing an additional 20,076 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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.