ManpowerGroup Inc Shares Fall 3.84% to $41.23 on Jun 13

ManpowerGroup Inc's (MAN) shares fell 3.84% on Jun 13, reaching an intraday low of $41.21. Trading volume was 164,091 shares, 15.8% of the average daily volume. Analysts forecast an average target price of $47.88, indicating a 16.13% upside from the current price of $41.23. The estimated GF Value for MAN in one year is $72.94, suggesting a 76.93% upside from the current price.

ManpowerGroup Inc. (MAN) shares experienced a 3.84% decline on Jun 13, reaching an intraday low of $41.21. The stock recovered slightly to $41.23 by the end of the day, down from its previous close of $42.87. This drop places MAN 47.30% below its 52-week high of $78.22 and 8.20% above its 52-week low of $38.10. Trading volume was 164,091 shares, 15.8% of the average daily volume of 1,035,347 [1].

Wall Street analysts forecast an average target price of $47.88 for MAN, indicating a potential 16.13% upside from the current price of $41.23. The high estimate is $60.00, while the low estimate is $41.00 [1]. The consensus recommendation from 12 brokerage firms is a "Hold" status, with an average rating of 2.8 out of 5 [1].

GuruFocus estimates the GF Value for MAN in one year to be $72.94, suggesting a 76.93% upside from the current price of $41.225 [1]. GF Value is calculated based on historical multiples and future performance estimates.

The decline in MAN shares coincides with global trade uncertainty impacting immediate hiring decisions, according to the latest ManpowerGroup Employment Outlook Survey. Despite this, most employers plan for steady hiring in Q3, with technology investments linked to more optimistic hiring plans [2].

The conflict in the Middle East, particularly the strikes on Iranian nuclear and military sites, has also contributed to market volatility, affecting stocks across various sectors. MAN, along with other stocks like Janus, Hillenbrand, JELD-WEN, and Super Micro, experienced significant drops, prompting investors to consider safe-haven assets [3].

References:
[1] https://www.gurufocus.com/news/2926717/manpowergroup-inc-man-shares-gap-down-to-41225-on-jun-13
[2] https://finance.yahoo.com/news/employers-report-steady-hiring-plans-130100600.html
[3] https://finance.yahoo.com/news/janus-hillenbrand-jeld-wen-super-193827846.html