Adecco SA (OTCMKTS:AHEXY) Given Consensus Recommendation of “Hold” by Analysts

Adecco SA (OTCMKTS:AHEXY) has been given an average rating of “Hold” by the eight research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

AHEXY has been the topic of several research analyst reports. Morgan Stanley cut shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Finally, UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th.

Adecco Trading Down 1.8%

Adecco stock opened at $13.89 on Friday. Adecco has a 1 year low of $8.98 and a 1 year high of $16.73. The firm’s 50 day moving average price is $10.81 and its 200-day moving average price is $12.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $4.83 billion, a P/E ratio of 13.23, a PEG ratio of 1.09 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. On average, equities analysts predict that Adecco will post 1.35 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.