ManpowerGroup (NYSE:MAN) Reaches New 12-Month Low – Here’s What Happened

ManpowerGroup Inc. (NYSE:MAN) reached a new 52-week low during trading on Wednesday . The company traded as low as $29.36 and last traded at $29.6240, with a volume of 213929 shares trading hands. The stock had previously closed at $29.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MAN shares. Truist Financial reduced their price target on ManpowerGroup from $48.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of ManpowerGroup in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Barclays reduced their price target on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Finally, The Goldman Sachs Group dropped their price objective on ManpowerGroup from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, ManpowerGroup currently has a consensus rating of “Reduce” and a consensus target price of $41.33.

ManpowerGroup Trading Down 0.9%

The business has a 50 day moving average of $37.20 and a two-hundred day moving average of $40.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 1.00. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -62.99 and a beta of 1.06.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, October 16th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. ManpowerGroup had a positive return on equity of 7.02% and a negative net margin of 0.12%.The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. ManpowerGroup has set its Q4 2025 guidance at 0.780-0.88 EPS. Equities analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current year.

Institutional Trading of ManpowerGroup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CW Advisors LLC increased its holdings in ManpowerGroup by 4.1% during the 1st quarter. CW Advisors LLC now owns 6,953 shares of the business services provider’s stock worth $402,000 after purchasing an additional 273 shares in the last quarter. Principal Financial Group Inc. increased its holdings in ManpowerGroup by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 107,969 shares of the business services provider’s stock worth $6,249,000 after purchasing an additional 278 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in ManpowerGroup by 11.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,756 shares of the business services provider’s stock worth $111,000 after purchasing an additional 280 shares in the last quarter. Huntington National Bank increased its holdings in ManpowerGroup by 41.6% during the 2nd quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock worth $40,000 after purchasing an additional 293 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in ManpowerGroup by 1.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 21,513 shares of the business services provider’s stock worth $869,000 after purchasing an additional 296 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.