ManpowerGroup (NYSE:MAN) Cut to “Hold” at Wall Street Zen

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

A number of other equities analysts have also recently weighed in on MAN. UBS Group upped their price objective on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. The Goldman Sachs Group lifted their target price on shares of ManpowerGroup from $36.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. BMO Capital Markets raised their price target on shares of ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Weiss Ratings upgraded ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Robert W. Baird increased their target price on ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, ManpowerGroup currently has an average rating of “Hold” and a consensus target price of $53.50.

ManpowerGroup Stock Performance

NYSE MAN opened at $61.92 on Friday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.45 and a beta of 0.70. The stock has a 50-day moving average of $52.57 and a 200 day moving average of $37.71. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27. ManpowerGroup has a twelve month low of $25.15 and a twelve month high of $63.88.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.During the same period last year, the company earned ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts anticipate that ManpowerGroup will post 3.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of ManpowerGroup in the 2nd quarter worth $265,921,000. California State Teachers Retirement System boosted its position in shares of ManpowerGroup by 3,196.1% during the 2nd quarter. California State Teachers Retirement System now owns 2,013,570 shares of the business services provider’s stock valued at $67,998,000 after acquiring an additional 1,952,481 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of 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 valued at $140,394,000 after acquiring an additional 1,393,622 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of ManpowerGroup by 235.8% in the first 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. Finally, Alberta Investment Management Corp purchased a new stake in shares of ManpowerGroup in the second quarter valued at about $33,702,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Company Profile

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.