ManpowerGroup (NYSE:MAN) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of ManpowerGroup (NYSE:MAN) from a buy rating to a hold rating in a report released on Wednesday,Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of ManpowerGroup in a research report on Wednesday, November 4th. UBS Group reduced their price objective on shares of ManpowerGroup from $56.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Barclays upped their target price on shares of ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Finally, Truist Financial increased their price target on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.39.

ManpowerGroup Trading Up 1.3%

ManpowerGroup stock opened at $46.67 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $51.27 and its two-hundred day simple moving average is $40.64. ManpowerGroup has a 12 month low of $25.15 and a 12 month high of $63.88. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.83 and a beta of 0.78.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, October 15th. The business services provider reported $1.01 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 analysts’ expectations of $4.86 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. As a group, equities analysts predict that ManpowerGroup will post 3.60 earnings per share for the current fiscal year.

ManpowerGroup Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.72 dividend. The ex-dividend date is Tuesday, December 1st. This represents a dividend yield of 313.0%. ManpowerGroup’s payout ratio is currently 56.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in ManpowerGroup in the 2nd quarter worth about $265,921,000. Quantinno Capital Management LP raised its position in ManpowerGroup by 235.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock worth $52,850,000 after buying an additional 1,259,752 shares during the last quarter. Alberta Investment Management Corp purchased a new position in ManpowerGroup in the 2nd quarter worth about $33,702,000. Wellington Management Group LLP purchased a new position in ManpowerGroup in the 2nd quarter worth about $25,709,000. Finally, RBF Capital LLC lifted its stake in ManpowerGroup by 1.0% during the 1st quarter. RBF Capital LLC now owns 475,017 shares of the business services provider’s stock valued at $13,994,000 after acquiring an additional 4,934 shares during the period. 98.03% of the stock is owned by institutional investors.

About ManpowerGroup

ManpowerGroup Inc. is a global workforce solutions company that helps organizations find, manage and develop talent. Its services include permanent and temporary recruitment, staffing, workforce management, outsourcing and career-transition support. The company operates through brands including Manpower, Experis and Talent Solutions. These businesses serve employers and job seekers across a range of industries, offering services from general staffing and professional recruitment to technology talent and workforce development.