ManpowerGroup (NYSE:MAN) Price Target Raised to $72.00

ManpowerGroup (NYSE:MANFree Report) had its price objective lifted by Robert W. Baird from $45.00 to $72.00 in a report released on Friday morning, Marketbeat Ratings reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities analysts have also weighed in on the company. The Goldman Sachs Group reissued a “neutral” rating on shares of ManpowerGroup in a report on Friday, April 17th. Truist Financial lowered their target price on ManpowerGroup from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, April 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a research report on Wednesday, June 24th. Wall Street Zen downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Barclays decreased their price objective on ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.38.

Read Our Latest Research Report on MAN

ManpowerGroup Stock Down 0.0%

ManpowerGroup stock opened at $52.31 on Friday. ManpowerGroup has a twelve month low of $25.15 and a twelve month high of $55.70. The firm has a 50 day moving average price of $33.71 and a 200-day moving average price of $31.13. The company has a market capitalization of $2.43 billion, a P/E ratio of 23.78 and a beta of 0.73. The company has a quick ratio of 1.12, a current ratio of 1.04 and a debt-to-equity ratio of 0.27.

ManpowerGroup (NYSE:MANGet Free Report) last issued its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. During the same quarter last year, the business posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, equities analysts predict that ManpowerGroup will post 3.66 EPS for the current year.

ManpowerGroup Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.72 per share. This represents a dividend yield of 437.0%. The ex-dividend date was Monday, June 1st. ManpowerGroup’s dividend payout ratio is presently 65.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Treasurer of the State of North Carolina boosted its stake in ManpowerGroup by 1.4% in 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 during the period. Cetera Investment Advisers grew its holdings in ManpowerGroup by 3.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,096 shares of the business services provider’s stock valued at $408,000 after buying an additional 348 shares in the last quarter. Quarry LP grew its holdings in ManpowerGroup by 55.3% during the 4th quarter. Quarry LP now owns 1,034 shares of the business services provider’s stock valued at $31,000 after buying an additional 368 shares in the last quarter. Empowered Funds LLC increased its position in shares of ManpowerGroup by 3.2% during the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after buying an additional 414 shares during the period. Finally, State of Wyoming increased its position in shares of ManpowerGroup by 7.6% during the second quarter. State of Wyoming now owns 6,197 shares of the business services provider’s stock valued at $250,000 after buying an additional 440 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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About ManpowerGroup

(Get Free Report)

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.

Further Reading

Analyst Recommendations for ManpowerGroup (NYSE:MAN)

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