ManpowerGroup (NYSE:MAN) Shares Gap Down – Here’s Why

ManpowerGroup Inc. (NYSE:MAN) gapped down before the market opened on Thursday. The stock had previously closed at $51.96, but opened at $45.08. ManpowerGroup shares last traded at $44.99, with a volume of 847,359 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group upped their target price on shares of ManpowerGroup from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday. Robert W. Baird lifted their price target on ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Wall Street Zen lowered ManpowerGroup from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Weiss Ratings raised ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, BMO Capital Markets increased their price objective on ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and six have assigned 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 $53.62.

ManpowerGroup Stock Performance

The stock has a market capitalization of $2.03 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.04 and a beta of 0.68. The company has a 50 day simple moving average of $57.57 and a 200-day simple moving average of $43.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04.

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, hitting the consensus estimate of $1.01. ManpowerGroup had a net margin of 0.56% and a return on equity of 7.45%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the company earned $0.83 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. On average, equities analysts forecast that ManpowerGroup Inc. will post 3.62 EPS for the current year.

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in shares of ManpowerGroup during the 1st quarter valued at about $1,180,000. Y Intercept Hong Kong Ltd lifted its position in ManpowerGroup by 910.7% in 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 buying an additional 116,071 shares during the last quarter. Corient Private Wealth LP boosted its stake in ManpowerGroup by 22.9% in the second quarter. Corient Private Wealth LP now owns 312,609 shares of the business services provider’s stock worth $10,557,000 after buying an additional 58,248 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in ManpowerGroup in the second quarter worth approximately $4,323,000. Finally, Empowered Funds LLC purchased a new stake in ManpowerGroup in the second quarter worth approximately $1,258,000. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Company Profile

ManpowerGroup Inc is a global workforce solutions and staffing company headquartered in Milwaukee, Wisconsin. Founded in 1948, the company helps organizations recruit, manage and develop talent while assisting individuals with finding employment and advancing their careers.

ManpowerGroup provides temporary, permanent and contract staffing; recruitment process outsourcing; workforce management; career transition and outplacement services; and talent development programs. Its principal brands include Manpower, which focuses on staffing and workforce solutions; Experis, which specializes in information technology and professional talent; and Talent Solutions, which provides recruitment, career management and workforce consulting services.

The company serves employers and job seekers across a broad range of industries and geographic markets, with operations spanning numerous countries and territories worldwide.