Adecco SA (OTCMKTS:AHEXY) Given Average Recommendation of “Reduce” by Analysts

Shares of Adecco SA (OTCMKTS:AHEXY) have received a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company.

AHEXY has been the subject of a number of analyst reports. Morgan Stanley downgraded Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Citigroup lowered Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. Finally, Zacks Research cut Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th.

Adecco Stock Up 1.6%

AHEXY traded up $0.17 during trading on Tuesday, hitting $10.35. 1,966 shares of the company’s stock were exchanged, compared to its average volume of 24,653. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.83. The stock has a market cap of $3.59 billion, a P/E ratio of 9.85, a PEG ratio of 0.84 and a beta of 0.98. The business’s 50 day moving average is $10.19 and its two-hundred day moving average is $12.27. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion. As a group, equities analysts expect that Adecco will post 1.41 earnings per share for the current fiscal year.

About Adecco

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.