Truist Financial Issues Positive Forecast for ManpowerGroup (NYSE:MAN) Stock Price

ManpowerGroup (NYSE:MAN) had its price objective raised by equities research analysts at Truist Financial from $34.00 to $50.00 in a report released on Friday,Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target indicates a potential downside of 7.71% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating on shares of ManpowerGroup in a report on Friday. UBS Group set a $55.00 target price on ManpowerGroup in a research report on Friday. Barclays cut their price target on shares of ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Wall Street Zen downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of ManpowerGroup in a report on Friday. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and a consensus target price of $45.62.

ManpowerGroup Trading Up 4.9%

Shares of MAN opened at $54.18 on Friday. The company’s fifty day simple moving average is $33.26 and its 200-day simple moving average is $30.97. The company has a market cap of $2.52 billion, a P/E ratio of -145.87 and a beta of 0.73. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. ManpowerGroup has a twelve month low of $25.15 and a twelve month high of $53.00.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, July 16th. The business services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.72 billion. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.01%. During the same period in the prior year, the company posted ($1.44) EPS. ManpowerGroup has set its Q3 2026 guidance at 0.960-1.060 EPS. As a group, analysts expect that ManpowerGroup will post 3.66 EPS for the current year.

Institutional Trading of ManpowerGroup

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in ManpowerGroup during the 3rd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of ManpowerGroup during the third quarter valued at approximately $30,000. Fifth Third Bancorp boosted its stake in shares of ManpowerGroup by 637.7% during the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 963 shares in the last quarter. Allworth Financial LP increased its holdings in ManpowerGroup by 69.3% during the third quarter. Allworth Financial LP now owns 1,121 shares of the business services provider’s stock valued at $42,000 after buying an additional 459 shares during the period. Finally, Elevation Wealth Partners LLC increased its holdings in ManpowerGroup by 2,007.4% during the second quarter. Elevation Wealth Partners LLC now owns 1,138 shares of the business services provider’s stock valued at $38,000 after buying an additional 1,084 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.

More ManpowerGroup News

Here are the key news stories impacting ManpowerGroup this week:

• Positive Sentiment: ManpowerGroup beat Q2 expectations, reporting $0.99 EPS versus $0.96 expected and revenue of $4.86 billion versus $4.72 billion expected, with demand improving across the U.S., Latin America, APME and parts of Europe. ManpowerGroup Reports 2nd Quarter 2026 Results
• Positive Sentiment: The company guided Q3 EPS to $0.96-$1.06, which was broadly in line to slightly above expectations, reinforcing confidence in near-term earnings momentum. ManpowerGroup Analysts Boost Their Forecasts After Strong Q2 Results
• Positive Sentiment: Analysts responded by raising targets, including Robert W. Baird lifting its price target from $45 to $72 and reiterating an outperform rating, signaling a much more optimistic outlook. Benzinga
• Positive Sentiment: Management also pointed to cost-savings plans targeting $200 million by 2028 and commentary around growth from AI-related shifts, which may support margins over time. ManpowerGroup forecasts Q3 EPS of $0.96-$1.06 as it targets $200M in 2028 cost savings

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.