ManpowerGroup (NYSE:MAN) Reaches New 12-Month High – Here’s Why

ManpowerGroup Inc. (NYSE:MAN)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $63.88 and last traded at $62.14, with a volume of 596341 shares trading hands. The stock had previously closed at $62.39.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MAN shares. Truist Financial raised their price objective on ManpowerGroup from $34.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. BMO Capital Markets upped their target price 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. Robert W. Baird increased their target price on shares of ManpowerGroup from $45.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. UBS Group lifted their price target on shares of ManpowerGroup from $41.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Finally, The Goldman Sachs Group boosted their price target 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 investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.50.

ManpowerGroup Stock Performance

The firm has a 50-day moving average price of $49.23 and a 200 day moving average price of $36.38. The firm has a market capitalization of $2.86 billion, a PE ratio of 27.93 and a beta of 0.67. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.72 billion. ManpowerGroup had a return on equity of 7.45% and a net margin of 0.56%.During the same period in the previous year, the firm posted ($1.44) earnings per share. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. Research analysts expect that ManpowerGroup Inc. will post 3.62 earnings per share for the current year.

Institutional Trading of ManpowerGroup

Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP lifted its position in shares of ManpowerGroup by 22.9% during the second quarter. Corient Private Wealth LP now owns 312,609 shares of the business services provider’s stock worth $10,557,000 after purchasing an additional 58,248 shares in the last quarter. Amundi purchased a new stake in ManpowerGroup during the 2nd quarter worth approximately $217,000. California State Teachers Retirement System increased its stake in ManpowerGroup by 3,196.1% during the 2nd 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 period. Syon Capital LLC boosted its position in ManpowerGroup by 113.9% in the 2nd quarter. Syon Capital LLC now owns 17,826 shares of the business services provider’s stock valued at $602,000 after buying an additional 9,493 shares during the period. Finally, Nykredit A S acquired a new position in shares of ManpowerGroup in the second quarter worth $90,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.