ManpowerGroup (NYSE:MAN) Hits New 12-Month High – What’s Next?

Shares of ManpowerGroup Inc. (NYSE:MAN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $57.61 and last traded at $57.67, with a volume of 138017 shares changing hands. The stock had previously closed at $55.34.

ManpowerGroup News Summary

Here are the key news stories impacting ManpowerGroup this week:

• Positive Sentiment: Zacks Research raised its estimates for ManpowerGroup’s Q1 2027 EPS to $0.79 from $0.73, Q3 2027 EPS to $1.49 from $1.20, Q4 2027 EPS to $1.36 from $1.25, and FY2028 EPS to $6.37 from $6.32. These upgrades suggest analysts see stronger earnings potential in later periods.
• Neutral Sentiment: The estimate changes point to an uneven earnings outlook: some later-quarter forecasts improved, while several near-term and intermediate estimates declined. Zacks’ current full-year consensus remains $3.62 EPS.
• Negative Sentiment: Zacks lowered its Q3 2026 EPS estimate to $1.00 from $1.04 and FY2026 EPS to $3.61 from $3.64. It also reduced estimates for Q4 2026, Q2 2027, Q1 2028 and Q2 2028, indicating continued caution about staffing demand and profitability in the nearer term.

Analyst Upgrades and Downgrades

MAN has been the subject of several research reports. UBS Group raised their target price on ManpowerGroup from $41.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a report on Wednesday, June 24th. Wall Street Zen lowered shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Truist Financial lifted their price objective on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group boosted their target price on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.50.

ManpowerGroup Trading Up 2.3%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.04. The firm has a market capitalization of $2.63 billion, a P/E ratio of 25.74 and a beta of 0.67. The firm has a 50 day moving average price of $41.24 and a two-hundred day moving average price of $33.55.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same period in the previous year, the firm earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, equities research analysts expect that ManpowerGroup Inc. will post 3.62 EPS for the current fiscal year.

Institutional Trading of ManpowerGroup

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in ManpowerGroup in the 2nd quarter worth approximately $265,921,000. AQR Capital Management LLC grew its position in ManpowerGroup by 60.3% during the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock worth $140,394,000 after purchasing an additional 1,393,622 shares in the last quarter. Quantinno Capital Management LP raised its stake in ManpowerGroup by 235.8% during the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock valued at $52,850,000 after purchasing an additional 1,259,752 shares during the period. Alberta Investment Management Corp acquired a new stake in ManpowerGroup during the 2nd quarter valued at $33,702,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of ManpowerGroup by 696.9% in the second quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock valued at $40,039,000 after purchasing an additional 866,693 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

About ManpowerGroup

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.