ManpowerGroup (NYSE:MAN) Cut to Neutral at BNP Paribas Exane

BNP Paribas Exane downgraded shares of ManpowerGroup (NYSE:MAN) from an outperform rating to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. BNP Paribas Exane currently has $52.50 target price on the business services provider’s stock.

MAN has been the subject of several other reports. The Goldman Sachs Group dropped their target price on ManpowerGroup from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Robert W. Baird reduced their price target on shares of ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. BMO Capital Markets lowered their price objective on shares of ManpowerGroup from $63.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Weiss Ratings raised shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, UBS Group dropped their price objective on shares of ManpowerGroup from $56.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.39.

ManpowerGroup Stock Performance

MAN opened at $46.29 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.86 and a beta of 0.78. ManpowerGroup has a 52-week low of $25.15 and a 52-week high of $63.88. The firm’s fifty day simple moving average is $53.20 and its two-hundred day simple moving average is $40.19.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. ManpowerGroup had a return on equity of 7.78% and a net margin of 0.64%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. Equities analysts anticipate that ManpowerGroup will post 3.60 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System lifted its holdings in shares of ManpowerGroup by 52.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 10,343 shares of the business services provider’s stock valued at $575,000 after purchasing an additional 3,573 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of ManpowerGroup in the 3rd quarter valued at about $1,477,000. Illinois Municipal Retirement Fund boosted its position in shares of ManpowerGroup by 13.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 26,578 shares of the business services provider’s stock valued at $1,477,000 after purchasing an additional 3,052 shares during the period. Pictet Asset Management Holding SA grew its stake in ManpowerGroup by 13.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 8,391 shares of the business services provider’s stock worth $466,000 after buying an additional 968 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in ManpowerGroup during the 3rd quarter worth approximately $206,000. 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.