Truist Financial Has Lowered Expectations for ManpowerGroup (NYSE:MAN) Stock Price

ManpowerGroup (NYSE:MAN) had its price target cut by investment analysts at Truist Financial from $38.00 to $34.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price suggests a potential upside of 8.75% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Robert W. Baird reduced their price target on shares of ManpowerGroup from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday. Barclays reduced their price target on shares of ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a research report on Friday, March 27th. Finally, UBS Group set a $35.00 price objective on shares of ManpowerGroup in a report on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ManpowerGroup presently has a consensus rating of “Hold” and a consensus price target of $37.50.

ManpowerGroup Trading Up 0.9%

Shares of NYSE MAN opened at $31.26 on Friday. The company’s fifty day moving average is $28.45 and its 200-day moving average is $30.33. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -84.50 and a beta of 0.84. ManpowerGroup has a twelve month low of $25.15 and a twelve month high of $47.33. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.50.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 16th. The business services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.41 billion. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.01%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. ManpowerGroup has set its Q2 2026 guidance at 0.910-1.050 EPS. Equities research analysts predict that ManpowerGroup will post 4.23 EPS for the current year.

Institutional Investors Weigh In On ManpowerGroup

A number of hedge funds and other institutional investors have recently made changes to their positions in MAN. AQR Capital Management LLC raised its holdings in shares of 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 acquiring an additional 1,393,622 shares during the period. Alberta Investment Management Corp raised its holdings in shares of ManpowerGroup by 772.9% during the third quarter. Alberta Investment Management Corp now owns 1,059,100 shares of the business services provider’s stock worth $40,140,000 after acquiring an additional 937,771 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of 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. Millennium Management LLC raised its holdings in shares of 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. Finally, Freestone Grove Partners LP acquired a new stake in shares of ManpowerGroup during the fourth quarter worth $14,420,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup News Summary

Here are the key news stories impacting ManpowerGroup this week:

• Positive Sentiment: Q1 beat on both EPS and revenue — MAN reported $0.51 EPS vs. $0.50 consensus and revenue of $4.51B (above $4.41B est.), driven by 10% reported revenue growth. Investors typically reward top‑line beats and the print helped lift the stock. ManpowerGroup Reports 1st Quarter 2026 Results
• Positive Sentiment: Strategic transformation + AI investments — Management launched an expanded program expected to deliver $200M of permanent cost savings by 2028 and highlighted AI-enabled service expansion that could boost margins over time. That structural cost plan is a clear positive catalyst. ManpowerGroup targets $200M permanent cost savings
• Positive Sentiment: Upgraded outlook / bullish commentary from some analysts — Some outlets and analysts (including a Seeking Alpha author) raised their view to Buy citing the beat, guidance and AI/Europe strength, which can attract buyers. ManpowerGroup: Better-Than-Expected Results And Guidance (Rating Upgrade)
• Neutral Sentiment: Q2 guidance is a range — Management gave Q2 EPS guidance of $0.91–$1.05 (vs. ~$0.95 consensus), which contains upside but is a range that leaves outcome uncertainty; investors will watch execution and the mid‑cycle U.S. recovery. ManpowerGroup Q1 press release / slides
• Neutral Sentiment: Earnings call / transcripts available for detail — Management discussed regional mix (strength in APAC/LatAm and select European markets) and the U.S. turnaround; active investors should review the call transcript/slides for margin cadence and timing of savings. Q1 2026 Earnings Call Transcript
• Negative Sentiment: Analyst cut / lower price target — Truist lowered its price target from $38 to $34 and set a Hold, reducing near‑term upside cited by some investors and potentially tempering momentum. Benzinga (Truist downgrade) The Fly (Truist coverage)
• Negative Sentiment: Margin/operating profit concerns — Despite revenue growth, operating profit trends were mixed regionally and the company still reported a tiny negative net margin; investors may wait for clearer margin improvement before re-rating the stock higher. Zacks: Q1 earnings and revenues surpass estimates

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.