ManpowerGroup (MAN) stock expected to rise by 26.81%: What’s driving the optimism?

A share price of ManpowerGroup [MAN] is currently trading at $73.34, down -1.15%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MAN shares have gain 6.46% over the last week, with a monthly amount glided 2.27%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

ManpowerGroup [NYSE: MAN] stock has seen the most recent analyst activity on June 11, 2024, when Exane BNP Paribas upgraded its rating to a Outperform but kept the price target unchanged to $92 for it. On January 05, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $70 on the stock. Redburn started tracking the stock assigning a Buy rating and suggested a price target of $94 on June 20, 2023. UBS initiated its recommendation with a Neutral and recommended $77 as its price target on June 01, 2023. Argus downgraded its rating to Hold for this stock on April 27, 2023. In a note dated January 26, 2023, Northcoast downgraded an Neutral rating on this stock.

ManpowerGroup experienced fluctuations in its stock price throughout the past year between $66.03 and $88.91. Currently, Wall Street analysts expect the stock to reach $93 within the next 12 months. ManpowerGroup [NYSE: MAN] shares were valued at $73.34 at the most recent close of the market. An investor can expect a potential return of 26.81% based on the average MAN price forecast.

Analyzing the MAN fundamentals

Trailing Twelve Months sales for ManpowerGroup [NYSE:MAN] were 18.57B which represents -7.34% decline. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 70.93 points at the first support level, and at 68.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.99, and for the 2nd resistance point, it is at 80.63.

Ratios To Look Out For

To put it in perspective, the Current Ratio for ManpowerGroup [NYSE:MAN] is 1.17. Further, the Quick Ratio stands at 1.17, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.19, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 75.80.

Transactions by insiders

Recent insider trading involved PAYNE ULICE JR, Director, that happened on May 20 ’24 when 795.0 shares were sold. SVP, Global Controller, MONDANO DONALD O completed a deal on Nov 07 ’23 to sell 1600.0 shares. Meanwhile, Director PAYNE ULICE JR sold 1100.0 shares on Aug 24 ’23.

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