ManpowerGroup (NYSE:MAN) Stock Gets Downgrade from BNP Paribas Exane

ManpowerGroup (NYSE:MAN) was downgraded by research analysts at BNP Paribas Exane from an “outperform” rating to a “neutral” rating in a report released on Tuesday, Briefing.com reports. They presently have a $52.50 price target on the business services provider’s stock. BNP Paribas Exane‘s price objective would suggest a potential upside of 10.19% from the stock’s previous close.

Several other equities analysts have also commented on the company. The Goldman Sachs Group decreased their price target on ManpowerGroup from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Barclays raised their price objective on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Weiss Ratings upgraded shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Robert W. Baird reduced their price objective on shares of ManpowerGroup from $72.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, Truist Financial upped their target price on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.39.

ManpowerGroup Trading Up 2.9%

MAN opened at $47.64 on Tuesday. ManpowerGroup has a one year low of $25.15 and a one year high of $63.88. The stock has a market capitalization of $2.22 billion, a PE ratio of 18.83, a P/E/G ratio of 1.82 and a beta of 0.68. The business’s 50 day moving average price is $54.13 and its 200 day moving average price is $39.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.04 and a current ratio of 1.05.

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 the consensus estimate of $1.01. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. ManpowerGroup had a return on equity of 7.78% and a net margin of 0.64%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. As a group, equities research analysts expect that ManpowerGroup will post 3.60 EPS for the current year.

Institutional Trading of ManpowerGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of ManpowerGroup during the first quarter worth $1,180,000. Y Intercept Hong Kong Ltd grew its stake 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 buying an additional 116,071 shares in the last quarter. Corient Private Wealth LP raised its holdings in shares of ManpowerGroup by 22.9% in the 2nd quarter. Corient Private Wealth LP now owns 312,609 shares of the business services provider’s stock valued at $10,557,000 after buying an additional 58,248 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of ManpowerGroup in the 2nd quarter valued at $4,323,000. Finally, Empowered Funds LLC purchased a new stake in shares of ManpowerGroup in the 2nd quarter valued at $1,258,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

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.