ManpowerGroup (NYSE:MAN) Reaches New 1-Year High – Here’s Why

ManpowerGroup Inc. (NYSE:MAN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.96 and last traded at $61.38, with a volume of 674341 shares traded. The stock had previously closed at $61.45.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Truist Financial upped their price target on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a report on Friday, July 17th. The Goldman Sachs Group boosted their target price on ManpowerGroup from $36.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Weiss Ratings raised ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, UBS Group upped their price target 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. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $53.50.

ManpowerGroup Trading Down 0.5%

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 28.07 and a beta of 0.67. The company has a 50-day moving average price of $48.08 and a 200-day moving average price of $35.99.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.72 billion. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. 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. Research analysts predict that ManpowerGroup Inc. will post 3.62 EPS for the current fiscal year.

Institutional Investors Weigh In On ManpowerGroup

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of ManpowerGroup during the 2nd quarter worth about $265,921,000. AQR Capital Management LLC raised its position in shares of ManpowerGroup by 60.3% in the 3rd quarter. AQR Capital Management LLC now owns 3,704,326 shares of the business services provider’s stock valued at $140,394,000 after buying an additional 1,393,622 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of ManpowerGroup by 24.6% in the fourth quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider’s stock worth $66,817,000 after acquiring an additional 443,790 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of ManpowerGroup by 3,196.1% during the second quarter. California State Teachers Retirement System now owns 2,013,570 shares of the business services provider’s stock worth $67,998,000 after buying an additional 1,952,481 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in ManpowerGroup by 235.8% in the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock valued at $52,850,000 after purchasing an additional 1,259,752 shares during the last quarter. 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.