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

Adecco SA (OTCMKTS:AHEXY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $9.18, but opened at $9.73. Adecco shares last traded at $9.73, with a volume of 247 shares trading hands.

Analysts Set New Price Targets

AHEXY has been the subject of a number of recent research reports. Zacks Research downgraded Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Citigroup lowered shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Finally, UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Adecco currently has an average rating of “Reduce”.

Adecco Price Performance

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 fifty day moving average price of $10.30 and a two-hundred day moving average price of $12.35. The company has a market cap of $3.38 billion, a P/E ratio of 9.26, a PEG ratio of 0.79 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. On average, sell-side analysts anticipate that Adecco SA 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.