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 research note published on Saturday morning,Wall Street Zen reports.

MAN has been the topic of a number of other reports. Weiss Ratings raised shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Barclays boosted their price target on shares of ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. BMO Capital Markets upped their price objective 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. The Goldman Sachs Group increased their price objective on shares of ManpowerGroup from $36.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Finally, UBS Group lifted their target price on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.50.

ManpowerGroup Trading Down 2.5%

Shares of ManpowerGroup stock opened at $51.48 on Friday. The stock has a fifty day simple moving average of $57.68 and a 200 day simple moving average of $42.75. ManpowerGroup has a 12-month low of $25.15 and a 12-month high of $63.88. The company has a market capitalization of $2.39 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 2.09 and a beta of 0.68. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%. During the same period last year, the business earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, sell-side analysts anticipate that ManpowerGroup will post 3.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Several institutional investors have recently added to or reduced their stakes in MAN. GAMMA Investing LLC increased its holdings in ManpowerGroup by 3.1% during the third quarter. GAMMA Investing LLC now owns 8,860 shares of the business services provider’s stock worth $492,000 after buying an additional 267 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in ManpowerGroup by 26.1% in the third quarter. Elevation Wealth Partners LLC now owns 1,435 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 297 shares during the last quarter. Versant Capital Management Inc boosted its stake in ManpowerGroup by 4.0% in the third quarter. Versant Capital Management Inc now owns 8,110 shares of the business services provider’s stock valued at $451,000 after acquiring an additional 312 shares during the last quarter. Altar Rock LLC purchased a new position in ManpowerGroup in the second quarter valued at about $202,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of ManpowerGroup by 123.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,052 shares of the business services provider’s stock valued at $643,000 after acquiring an additional 10,537 shares during the period. Institutional investors own 98.03% of the company’s stock.

About ManpowerGroup

ManpowerGroup Inc is a global workforce solutions and staffing company headquartered in Milwaukee, Wisconsin. Founded in 1948, the company helps organizations recruit, manage and develop talent while assisting individuals with finding employment and advancing their careers.

ManpowerGroup provides temporary, permanent and contract staffing; recruitment process outsourcing; workforce management; career transition and outplacement services; and talent development programs. Its principal brands include Manpower, which focuses on staffing and workforce solutions; Experis, which specializes in information technology and professional talent; and Talent Solutions, which provides recruitment, career management and workforce consulting services.

The company serves employers and job seekers across a broad range of industries and geographic markets, with operations spanning numerous countries and territories worldwide.