ManpowerGroup (NYSE:MAN) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ManpowerGroup (NYSE:MAN) from a hold rating to a buy rating in a research note published on Tuesday morning,Wall Street Zen reports.

Other research analysts also recently issued reports about the stock. Barclays boosted their price objective on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Robert W. Baird reduced their target price on ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. BMO Capital Markets decreased their price target on ManpowerGroup from $63.00 to $58.00 and set an “outperform” rating on the stock in a research note on Monday, October 19th. Weiss Ratings upgraded ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ManpowerGroup presently has an average rating of “Hold” and a consensus price target of $51.39.

ManpowerGroup Price Performance

MAN stock opened at $45.48 on Tuesday. The company’s 50-day moving average price is $53.81 and its two-hundred day moving average price is $40.02. The firm has a market cap of $2.12 billion, a P/E ratio of 17.98, a P/E/G ratio of 1.89 and a beta of 0.78. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.26. ManpowerGroup has a 12 month low of $25.15 and a 12 month high of $63.88.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. ManpowerGroup had a net margin of 0.64% and a return on equity of 7.78%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. On average, analysts anticipate that ManpowerGroup will post 3.60 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in shares of ManpowerGroup during the second quarter valued at about $30,000. Signaturefd LLC grew its holdings in shares of ManpowerGroup by 31.1% during the third quarter. Signaturefd LLC now owns 1,125 shares of the business services provider’s stock worth $63,000 after purchasing an additional 267 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in shares of ManpowerGroup by 2,007.4% in the second quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider’s stock valued at $38,000 after buying an additional 1,084 shares during the period. Allworth Financial LP acquired a new position in shares of ManpowerGroup in the second quarter valued at approximately $88,000. Finally, Nykredit A S acquired a new position in shares of ManpowerGroup in the second quarter valued at approximately $90,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Company Profile

ManpowerGroup Inc is a global workforce solutions and employment services company headquartered in Milwaukee, Wisconsin. Through its brands, the company provides temporary and permanent staffing, recruitment, workforce management, talent development, and career transition services to businesses and job seekers.

Its principal brands include Manpower, which specializes in staffing and workforce services; Experis, which focuses on information technology and professional talent; and Talent Solutions, which provides recruitment process outsourcing, talent consulting, leadership development, and outplacement services.