ManpowerGroup (NYSE:MAN) Stock Price Target Cut by JPMorgan Chase & Co.

ManpowerGroup (NYSE:MAN) had its target price dropped by analysts at JPMorgan Chase & Co. from $59.00 to $50.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 17.36% from the company’s previous close.

Several other research firms have also issued reports on MAN. Weiss Ratings raised shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. UBS Group set a $48.00 price objective on ManpowerGroup in a research report on Friday. Truist Financial boosted their target price on ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, Robert W. Baird set a $65.00 target price on ManpowerGroup in a research note on Friday. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, ManpowerGroup presently has a consensus rating of “Hold” and an average price target of $51.88.

ManpowerGroup Stock Down 2.6%

Shares of NYSE:MAN traded down $1.14 on Friday, reaching $42.60. The company had a trading volume of 463,156 shares, compared to its average volume of 1,182,174. The firm has a market capitalization of $1.98 billion, a PE ratio of 19.40, a PEG ratio of 2.05 and a beta of 0.68. 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 52-week low of $25.15 and a 52-week high of $63.88. The firm’s 50 day simple moving average is $57.34 and its 200-day simple moving average is $43.18.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the business posted $0.83 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. As a group, analysts expect that ManpowerGroup will post 3.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new position in shares of ManpowerGroup in the 1st quarter valued at $1,180,000. Y Intercept Hong Kong Ltd increased its holdings in shares of ManpowerGroup by 910.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 128,816 shares of the business services provider’s stock valued at $3,795,000 after purchasing an additional 116,071 shares during the period. Corient Private Wealth LP increased its holdings in shares of ManpowerGroup by 22.9% in the second quarter. Corient Private Wealth LP now owns 312,609 shares of the business services provider’s stock valued at $10,557,000 after purchasing an additional 58,248 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of ManpowerGroup in the second quarter worth about $4,323,000. Finally, Empowered Funds LLC purchased a new position in shares of ManpowerGroup in the second quarter worth about $1,258,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

More ManpowerGroup News

Here are the key news stories impacting ManpowerGroup this week:

• Positive Sentiment: ManpowerGroup reported third-quarter adjusted EPS of $1.01, matching analyst expectations and improving from $0.83 a year earlier. Revenue rose 4% year over year to approximately $4.84 billion, with stronger performance in the Manpower business, Northern Europe, and improving U.S. Experis trends. ManpowerGroup Reports Third-Quarter 2026 Results
• Positive Sentiment: The company expects fourth-quarter constant-currency revenue growth of 3% to 7% and said cost actions are improving SG&A trends. Management also highlighted profitable growth opportunities tied to its technology and artificial-intelligence strategy.
• Neutral Sentiment: Becky Frankiewicz, currently President and Chief Strategy Officer, will become CEO on January 1, 2027. Current CEO Jonas Prising will become Executive Chair. The transition provides leadership continuity, but investors may view the change as an execution risk while the company pursues an AI-focused transformation. ManpowerGroup Announces Leadership Transition
• Negative Sentiment: Fourth-quarter adjusted EPS guidance of $1.03 to $1.13 had a midpoint below the roughly $1.10 analyst consensus, signaling limited near-term earnings upside despite the year-over-year improvement.
• Negative Sentiment: Quarterly revenue of $4.84 billion was slightly below the $4.86 billion consensus estimate. Investors focused more on the revenue shortfall and outlook than on the EPS beat, leading to a sharp selloff in the shares. ManpowerGroup Shares Fall as Revenue Misses Forecasts
• Negative Sentiment: UBS lowered its price target for MAN to $48 from $56 while maintaining a Neutral rating, reinforcing concerns that the company’s recovery may be gradual rather than immediate. UBS Adjusts ManpowerGroup Price Target

ManpowerGroup Company Profile

ManpowerGroup Inc is a global workforce solutions and staffing company headquartered in Milwaukee, Wisconsin. Founded in 1948, the company helps organizations recruit, manage and develop talent while assisting individuals with finding employment and advancing their careers.

ManpowerGroup provides temporary, permanent and contract staffing; recruitment process outsourcing; workforce management; career transition and outplacement services; and talent development programs. Its principal brands include Manpower, which focuses on staffing and workforce solutions; Experis, which specializes in information technology and professional talent; and Talent Solutions, which provides recruitment, career management and workforce consulting services.

The company serves employers and job seekers across a broad range of industries and geographic markets, with operations spanning numerous countries and territories worldwide.