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

ManpowerGroup Inc. (NYSE:MAN)’s stock price hit a new 52-week high on Friday . The company traded as high as $57.61 and last traded at $57.67, with a volume of 138017 shares traded. The stock had previously closed at $55.34.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MAN. Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a report on Wednesday, June 24th. Barclays upped their price objective on shares of ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Robert W. Baird lifted their price objective on shares of ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 17th. The Goldman Sachs Group boosted their target price on shares of ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Finally, Truist Financial boosted their target price on shares of ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.50.

ManpowerGroup Stock Up 3.3%

The company has a market cap of $2.66 billion, a P/E ratio of 26.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.12. The stock has a fifty day moving average price of $40.75 and a two-hundred day moving average price of $33.39.

ManpowerGroup (NYSE:MAN) last announced 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 business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.During the same quarter in the prior year, the company posted ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, research analysts expect that ManpowerGroup Inc. will post 3.62 EPS for the current year.

Institutional Trading of ManpowerGroup

Several institutional investors and hedge funds have recently made changes to their positions in MAN. AQR Capital Management LLC boosted its stake 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 worth $140,394,000 after buying an additional 1,393,622 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of 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 acquiring an additional 1,259,752 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of ManpowerGroup during the second quarter valued at approximately $33,702,000. Balyasny Asset Management L.P. lifted its holdings in ManpowerGroup by 696.9% during the second quarter. Balyasny Asset Management L.P. now owns 991,063 shares of the business services provider’s stock worth $40,039,000 after acquiring an additional 866,693 shares during the period. Finally, Millennium Management LLC lifted its holdings in ManpowerGroup by 77.3% during the fourth quarter. Millennium Management LLC now owns 1,525,936 shares of the business services provider’s stock worth $45,366,000 after acquiring an additional 665,135 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Company Profile

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.