ManpowerGroup (NYSE:MAN) Shares Down 8.5% – Here’s Why
by Renee Jackson · The Cerbat GemShares of ManpowerGroup Inc. (NYSE:MAN – Get Free Report) traded down 8.5% during mid-day trading on Thursday . The company traded as low as $28.99 and last traded at $28.8550. 367,775 shares traded hands during trading, a decline of 72% from the average session volume of 1,319,194 shares. The stock had previously closed at $31.54.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Robert W. Baird cut their target price on ManpowerGroup from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating on shares of ManpowerGroup in a research note on Friday, April 17th. UBS Group increased their target price on ManpowerGroup from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Truist Financial cut their target price on ManpowerGroup from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, April 17th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ManpowerGroup currently has an average rating of “Hold” and an average target price of $37.50.
Check Out Our Latest Stock Analysis on ManpowerGroup
ManpowerGroup Stock Down 7.5%
The stock has a market capitalization of $1.36 billion, a PE ratio of -78.86 and a beta of 0.84. The firm has a 50 day moving average of $28.37 and a two-hundred day moving average of $30.18. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50.
ManpowerGroup (NYSE:MAN – Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The business services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. ManpowerGroup had a positive return on equity of 7.01% and a negative net margin of 0.09%.The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same period last year, the business posted $0.44 EPS. ManpowerGroup’s quarterly revenue was up 10.3% on a year-over-year basis. ManpowerGroup has set its Q2 2026 guidance at 0.910-1.050 EPS. Equities research analysts anticipate that ManpowerGroup Inc. will post 3.66 earnings per share for the current year.
Hedge Funds Weigh In On ManpowerGroup
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in ManpowerGroup by 0.3% during the third quarter. Vanguard Group Inc. now owns 6,211,092 shares of the business services provider’s stock worth $235,400,000 after buying an additional 19,501 shares in the last quarter. AQR Capital Management LLC increased its position in ManpowerGroup by 60.3% during the third 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 in the last quarter. Schroder Investment Management Group increased its position in ManpowerGroup by 24.6% during the fourth quarter. Schroder Investment Management Group now owns 2,247,476 shares of the business services provider’s stock worth $66,817,000 after buying an additional 443,790 shares in the last quarter. State Street Corp increased its position in ManpowerGroup by 2.0% during the fourth quarter. State Street Corp now owns 1,616,447 shares of the business services provider’s stock worth $48,057,000 after buying an additional 31,749 shares in the last quarter. Finally, Millennium Management LLC increased its position 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 buying an additional 665,135 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.
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.