BMO Capital has revised its price target for ManpowerGroup (MAN, Financial), reducing it from $54 to $48, while maintaining a Market Perform rating on the company's stock. This adjustment follows the firm's weaker-than-expected Q1 earnings report.
The initial part of the quarter showed positive momentum for ManpowerGroup, but uncertainty surrounding a delayed budget in France and shifts in U.S. trade policy have prompted a more cautious hiring strategy. This has contributed to the company's disappointing performance. According to BMO Capital's analysis, the company's forward guidance aligns with current trends, indicating no expected improvement in the near term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for ManpowerGroup Inc (MAN, Financial) is $57.78 with a high estimate of $78.00 and a low estimate of $42.00. The average target implies an upside of 44.19% from the current price of $40.07. More detailed estimate data can be found on the ManpowerGroup Inc (MAN) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, ManpowerGroup Inc's (MAN, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ManpowerGroup Inc (MAN, Financial) in one year is $72.20, suggesting a upside of 80.18% from the current price of $40.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ManpowerGroup Inc (MAN) Summary page.
