ManpowerGroup (NYSE: MAN) is -34.92% lower on its value in year-to-date trading and has touched a low of $37.99 and a high of $78.22 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 $44.22 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $44.69, the stock is 7.72% and 6.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 1.06% at the moment leaves the stock -19.62% off its SMA200. MAN registered -22.57% loss for a year compared to 6-month loss of -22.56%. The firm has a 50-day simple moving average (SMA 50) of $41.8358 and a 200-day simple moving average (SMA200) of $55.6006.
The stock witnessed a 10.05% gain in the last 1 month and extending the period to 3 months gives it a -9.50%, and is 5.50% 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 3.62% over the week and 3.56% over the month.
ManpowerGroup (MAN) has around 26700 employees, a market worth around $2.07B and $17.54B in sales. Current P/E ratio is 19.38 and Fwd P/E is 10.33. Profit margin for the company is 0.63%. Distance from 52-week low is 17.64% and -42.87% from its 52-week high. The company has generated returns on investments over the last 12 months (3.29%).
The EPS is expected to shrink by -37.08% this year
492.0 institutions hold shares in ManpowerGroup (MAN), with institutional investors hold 109.78% of the company’s shares. The shares outstanding are 46.51M, and float is at 45.52M with Short Float at 6.43%. Institutions hold 107.97% 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 8.6135 and valued at over $287.99 million, while DIMENSIONAL FUND ADVISORS LP holds 4.8016 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.
