Adecco (OTCMKTS:AHEXY) Stock Rating Cut to Hold at Kepler Capital Markets

Kepler Capital Markets lowered shares of Adecco (OTCMKTS:AHEXY) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks reports.

A number of other equities research analysts have also commented on AHEXY. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Jefferies Financial Group upgraded Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adecco in a research note on Wednesday, September 9th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Adecco in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adecco currently has a consensus rating of “Hold”.

Adecco Stock Performance

Shares of Adecco stock opened at $12.67 on Wednesday. The company has a market cap of $4.40 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.19 and a beta of 0.94. Adecco has a 52 week low of $8.98 and a 52 week high of $16.26. The business has a 50 day moving average price of $14.46 and a 200-day moving average price of $12.33. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.86.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Adecco had a return on equity of 12.67% and a net margin of 1.25%. Equities analysts anticipate that Adecco will post 1.42 earnings per share for the current fiscal year.

Adecco Company Profile

Adecco is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. It helps organizations recruit, place and manage employees across a range of industries, while also supporting job seekers with career opportunities, skills development and workforce guidance.

The company’s services include temporary and permanent staffing, recruitment, career transition and outplacement, talent development, outsourcing and workforce consulting. Adecco operates through brands and business lines that include Adecco for staffing and recruitment, Akkodis for technology and engineering consulting, and LHH for professional recruitment, leadership development and career transition services.

Adecco traces its history to the 1996 merger of the Swiss staffing company Adia and France’s Ecco.