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

Shares of ManpowerGroup Inc. (NYSE:MAN) reached a new 52-week high on Wednesday . The stock traded as high as $60.97 and last traded at $60.5090, with a volume of 415776 shares traded. The stock had previously closed at $59.48.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MAN shares. BMO Capital Markets raised their target price on ManpowerGroup from $49.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Robert W. Baird increased their price target on shares of ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Barclays raised 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. Weiss Ratings raised shares of ManpowerGroup from a “sell (d)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group boosted their target price on shares of ManpowerGroup from $36.00 to $57.00 and gave the company a “neutral” 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 stock. Based on data from MarketBeat, ManpowerGroup presently has an average rating of “Hold” and a consensus target price of $53.50.

ManpowerGroup Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50 day simple moving average of $45.86 and a 200-day simple moving average of $35.28. The stock has a market capitalization of $2.82 billion, a P/E ratio of 27.58 and a beta of 0.67.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the company earned ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. On average, equities analysts forecast that ManpowerGroup Inc. will post 3.62 EPS for the current year.

Hedge Funds Weigh In On ManpowerGroup

Several large investors have recently modified their holdings of the business. Baird Financial Group Inc. purchased a new position in ManpowerGroup in the 1st quarter valued at approximately $219,000. Goldman Sachs Group Inc. boosted its position in shares of ManpowerGroup by 12.5% in the first quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock valued at $20,109,000 after acquiring an additional 38,710 shares during the period. Empowered Funds LLC boosted its position in shares of ManpowerGroup by 3.2% in the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after acquiring an additional 414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in ManpowerGroup by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after acquiring an additional 13,906 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in ManpowerGroup during the 1st quarter worth approximately $348,000. 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.