Adecco (OTCMKTS:AHEXY) Shares Gap Up – Here’s What Happened

Adecco SA (OTCMKTS:AHEXY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $14.44, but opened at $15.10. Adecco shares last traded at $15.10, with a volume of 972 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of Adecco from a “hold” rating to an “outperform” rating in a report on Monday, September 22nd. Cfra Research upgraded Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Adecco in a research report on Tuesday, August 12th. Zacks Research lowered shares of Adecco from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Jefferies Financial Group raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Adecco Stock Performance

The company’s fifty day moving average price is $14.43 and its two-hundred day moving average price is $14.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $5.09 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.41 and a beta of 1.18.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.68 billion. Adecco had a net margin of 1.22% and a return on equity of 11.06%. As a group, equities analysts expect that Adecco SA will post 1.32 earnings per share for the current year.

About Adecco

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.