ManpowerGroup (NYSE:MAN) Stock Rating Cut to Strong Sell at Zacks Research

ManpowerGroup (NYSE:MAN) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, Zacks reports.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their price objective on ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Wall Street Zen raised ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings upgraded shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 16th. Finally, BMO Capital Markets cut their price target on shares of ManpowerGroup from $63.00 to $58.00 and set an “outperform” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.25.

ManpowerGroup Stock Up 3.8%

NYSE:MAN opened at $44.62 on Tuesday. ManpowerGroup has a 1 year low of $25.15 and a 1 year high of $63.88. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.71 and a beta of 0.68. The stock has a 50-day moving average price of $56.24 and a two-hundred day moving average price of $43.56.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 return on equity of 7.78% and a net margin of 0.64%. The company’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 company earned $0.83 earnings per share. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. As a group, equities analysts expect that ManpowerGroup will post 3.60 earnings per share for the current year.

Hedge Funds Weigh In On ManpowerGroup

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in ManpowerGroup in the first quarter valued at approximately $1,180,000. Y Intercept Hong Kong Ltd increased its position in shares of ManpowerGroup by 910.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 128,816 shares of the business services provider’s stock worth $3,795,000 after purchasing an additional 116,071 shares during the last quarter. Corient Private Wealth LP raised its stake in shares of ManpowerGroup by 22.9% during the 2nd quarter. Corient Private Wealth LP now owns 312,609 shares of the business services provider’s stock worth $10,557,000 after purchasing an additional 58,248 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of ManpowerGroup during the 2nd quarter worth approximately $4,323,000. Finally, Empowered Funds LLC bought a new stake in shares of ManpowerGroup during the 2nd quarter worth approximately $1,258,000. 98.03% of the stock is owned by institutional investors.

About ManpowerGroup

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.