ManpowerGroup (NYSE:MAN) Sets New 12-Month High – Should You Buy?

ManpowerGroup Inc. (NYSE:MAN)’s stock price reached a new 52-week high on Thursday . The company traded as high as $58.88 and last traded at $58.7350, with a volume of 338492 shares. The stock had previously closed at $56.22.

Analysts Set New Price Targets

A number of research firms have weighed in on MAN. BMO Capital Markets lifted their price objective on ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. The Goldman Sachs Group upped their price objective on ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. UBS Group raised their price objective on shares of ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Truist Financial lifted their target price on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a report on Friday, July 17th. Finally, Wall Street Zen cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.50.

ManpowerGroup Trading Up 4.6%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.04. The company has a 50 day moving average of $42.73 and a two-hundred day moving average of $34.13. The stock has a market cap of $2.74 billion, a PE ratio of 26.69 and a beta of 0.67.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the business posted ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Sell-side analysts anticipate that ManpowerGroup Inc. 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 MAN. Quarry LP purchased a new position in ManpowerGroup during the third quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in shares of ManpowerGroup during the 2nd quarter worth about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of ManpowerGroup during the 3rd quarter worth about $30,000. Fifth Third Bancorp raised its position in shares of ManpowerGroup by 637.7% during the 4th quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock worth $33,000 after purchasing an additional 963 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in ManpowerGroup by 2,007.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider’s stock valued at $38,000 after buying an additional 1,084 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

About ManpowerGroup

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.