William Blair analyst Trevor Romeo has maintained their neutral stance on MAN stock, giving a Hold rating on April 15.
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Trevor Romeo’s rating is based on a combination of factors influencing ManpowerGroup’s financial performance and market conditions. The company’s first-quarter results showed a mixed performance, with revenue exceeding expectations but earnings falling short. This discrepancy was mainly due to weaker-than-expected gross and EBITA margins, which were below the firm’s estimates.
Looking ahead, the second-quarter guidance presents a cautious outlook. While revenue projections are slightly above consensus, the expected earnings per share are lower due to reduced operating margins and an increased tax rate in France. Additionally, the broader macroeconomic environment, characterized by uncertainty in global trade policies, adds to the conservative stance. Despite the stock’s valuation being below long-term averages, the challenging market conditions warrant a Hold rating.
In another report released on April 15, Truist Financial also maintained a Hold rating on the stock with a $55.00 price target.