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

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MAN. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ManpowerGroup in a report on Wednesday, October 8th. The Goldman Sachs Group reduced their target price on ManpowerGroup from $37.00 to $33.00 and set a “sell” rating for the company in a report on Friday, October 17th. Barclays reduced their target price on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Finally, Truist Financial reduced their price objective on ManpowerGroup from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, ManpowerGroup has an average rating of “Reduce” and an average price target of $41.33.

ManpowerGroup Stock Down 0.9%

The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.37 billion, a PE ratio of -62.99 and a beta of 1.06. The stock has a 50-day moving average of $37.20 and a 200-day moving average of $40.32.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, October 16th. The business services provider reported $0.83 earnings per share (EPS) 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 company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the business posted $1.29 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. ManpowerGroup has set its Q4 2025 guidance at 0.780-0.88 EPS. Sell-side analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in ManpowerGroup during the first quarter valued at about $30,000. Allworth Financial LP grew its stake in shares of ManpowerGroup by 321.7% during the second quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock valued at $27,000 after buying an additional 505 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock valued at $43,000 after buying an additional 488 shares during the last quarter. True Wealth Design LLC grew its stake in shares of ManpowerGroup by 72.5% during the third quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock valued at $30,000 after buying an additional 337 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of ManpowerGroup by 122.2% during the third quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock valued at $38,000 after buying an additional 545 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

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.