Adecco SA (OTCMKTS:AHEXY) Receives Average Rating of “Hold” from Analysts

Adecco SA (OTCMKTS:AHEXY) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research analysts recently issued reports on the company. Citigroup lowered Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. UBS Group downgraded shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Morgan Stanley reiterated an “underweight” rating on shares of Adecco in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th.

Adecco Stock Up 0.4%

OTCMKTS:AHEXY opened at $14.26 on Wednesday. Adecco has a one year low of $8.98 and a one year high of $16.73. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.22 and a beta of 0.93. The stock has a 50-day simple moving average of $11.79 and a 200 day simple moving average of $12.00.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Adecco had a return on equity of 12.78% and a net margin of 1.25%.The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Sell-side analysts predict that Adecco will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Adecco

A hedge fund recently bought a new stake in Adecco stock. Public Employees Retirement System of Ohio acquired a new position in shares of Adecco SA (OTCMKTS:AHEXY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 488,940 shares of the business services provider’s stock, valued at approximately $7,354,000. Public Employees Retirement System of Ohio owned approximately 0.14% of Adecco as of its most recent SEC filing.

Adecco Company Profile

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.