Wall Street Zen Upgrades ManpowerGroup (NYSE:MAN) to “Buy”

ManpowerGroup (NYSE:MAN) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of ManpowerGroup from $63.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, October 19th. Barclays lifted their price target on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, October 16th. The Goldman Sachs Group lowered their price target on ManpowerGroup from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Finally, Truist Financial upped their price objective on ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.39.

ManpowerGroup Trading Up 3.2%

NYSE MAN opened at $46.92 on Tuesday. ManpowerGroup has a 12 month low of $25.15 and a 12 month 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 50 day moving average of $53.51 and a 200-day moving average of $40.10. The company has a market cap of $2.18 billion, a PE ratio of 18.55, a PEG ratio of 1.80 and a beta of 0.78.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, October 15th. The business services provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. The business had revenue of $4.84 billion for 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 in the previous year, the company earned $0.83 earnings per share. ManpowerGroup has set its Q4 2026 guidance at 1.030-1.13 EPS. On average, equities research analysts anticipate that ManpowerGroup will post 3.60 EPS for the current fiscal year.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently modified their holdings of MAN. BlackRock Inc. bought a new stake in ManpowerGroup during the second quarter worth about $265,921,000. Quantinno Capital Management LP grew its stake in ManpowerGroup by 235.8% during the first quarter. Quantinno Capital Management LP now owns 1,793,963 shares of the business services provider’s stock worth $52,850,000 after buying an additional 1,259,752 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in ManpowerGroup during the second quarter worth about $33,702,000. Wellington Management Group LLP bought a new position in ManpowerGroup in the 2nd quarter valued at about $25,709,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in ManpowerGroup in the 2nd quarter valued at about $16,009,000. 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.