ManpowerGroup (NYSE: MAN) is -25.99% lower on its value in year-to-date trading and has touched a low of $39.22 and a high of $78.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MAN stock was last observed hovering at around $43.07 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $42.72, the stock is -8.26% and -20.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -0.81% at the moment leaves the stock -31.74% off its SMA200. MAN registered -43.91% loss for a year compared to 6-month loss of -33.11%. The firm has a 50-day simple moving average (SMA 50) of $53.6418 and a 200-day simple moving average (SMA200) of $62.58345.
The stock witnessed a -27.16% gain in the last 1 month and extending the period to 3 months gives it a -29.63%, and is 2.01% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.35% over the week and 5.15% over the month.
ManpowerGroup (MAN) has around 26700 employees, a market worth around $2.00B and $17.54B in sales. Current P/E ratio is 18.53 and Fwd P/E is 9.67. Profit margin for the company is 0.63%. Distance from 52-week low is 8.92% and -45.83% from its 52-week high. The company has generated returns on investments over the last 12 months (3.29%).
with sales reaching $4.35B over the same period.The EPS is expected to shrink by -35.76% this year, but quarterly earnings will post -4.05% year-over-year. Quarterly sales are estimated to shrink -3.81% in year-over-year returns.
491.0 institutions hold shares in ManpowerGroup (MAN), with institutional investors hold 105.66% of the company’s shares. The shares outstanding are 46.74M, and float is at 45.97M with Short Float at 6.32%. Institutions hold 103.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.76 million shares valued at $472.09 million. The investor’s holdings represent 14.1201 of the MAN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.18 million shares valued at $361.72 million to account for 10.8188 of the shares outstanding. The other top investors are VICTORY CAPITAL MANAGEMENT INC which holds 4.13 million shares representing 8.5422 and valued at over $287.99 million, while DIMENSIONAL FUND ADVISORS LP holds 4.7619 of the shares totaling 2.3 million with a market value of $160.54 million.
ManpowerGroup (MAN) Insider Activity
The most recent transaction is an insider purchase by McGinnis John T, the company’s EVP, CFO. SEC filings show that McGinnis John T bought 8,000 shares of the company’s common stock on Oct 23 ’24 at a price of $62.28 per share for a total of $0.5 million. Following the purchase, the insider now owns 70639.0 shares.
ManpowerGroup disclosed in a document filed with the SEC on May 20 ’24 that PAYNE ULICE JR (Director) sold a total of 795 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $76.33 per share for $60682.0. Following the transaction, the insider now directly holds 9957.0 shares of the MAN stock.
