ManpowerGroup (NYSE:MAN) Stock Dropped to “Hold” by 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 Wednesday,Wall Street Zen reports.

A number of other research firms have also issued reports on MAN. Zacks Research lowered ManpowerGroup from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. BMO Capital Markets cut their price target on ManpowerGroup from $63.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, October 19th. BNP Paribas Exane cut ManpowerGroup from an “outperform” rating to a “neutral” rating and set a $52.50 price objective for the company. in a research report on Tuesday, November 3rd. The Goldman Sachs Group cut their target price on shares of ManpowerGroup from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Finally, Barclays upped their target price on shares of ManpowerGroup from $30.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and an average target price of $51.39.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $46.16 on Wednesday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.83 and a beta of 0.78. ManpowerGroup has a 52 week low of $25.15 and a 52 week high of $63.88. The company’s 50-day moving average price is $51.84 and its 200 day moving average price is $40.48. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. ManpowerGroup had a net margin of 0.64% and a return on equity of 7.78%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. As a group, research analysts forecast that ManpowerGroup will post 3.60 earnings per share for the current fiscal year.

ManpowerGroup Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a yield of 313.0%. ManpowerGroup’s dividend payout ratio is 56.92%.

Institutional Trading of ManpowerGroup

A number of institutional investors and hedge funds have recently made changes to their positions in MAN. BlackRock Inc. purchased a new stake in ManpowerGroup during the second quarter valued at about $265,921,000. Quantinno Capital Management LP raised its holdings in shares of ManpowerGroup by 235.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock worth $52,850,000 after purchasing an additional 1,259,752 shares during the period. Alberta Investment Management Corp purchased a new position in shares of ManpowerGroup in the 2nd quarter worth about $33,702,000. Wellington Management Group LLP purchased a new position in shares of ManpowerGroup in the 2nd quarter worth about $25,709,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at about $16,009,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Company Profile

ManpowerGroup Inc. is a global workforce solutions company that helps organizations find, manage and develop talent. Its services include permanent and temporary recruitment, staffing, workforce management, outsourcing and career-transition support. The company operates through brands including Manpower, Experis and Talent Solutions. These businesses serve employers and job seekers across a range of industries, offering services from general staffing and professional recruitment to technology talent and workforce development.