Adecco (OTCMKTS:AHEXY) Stock Rating Lowered by Kepler Capital Markets

Adecco (OTCMKTS:AHEXY) was downgraded by research analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

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

Adecco Stock Up 0.6%

AHEXY stock opened at $12.67 on Wednesday. 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 has a fifty-two week low of $8.98 and a fifty-two week high of $16.26. The firm’s 50-day simple moving average is $14.46 and its 200 day simple moving average is $12.33. The stock 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 (OTCMKTS:AHEXY) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Adecco had a net margin of 1.25% and a return on equity of 12.67%. The firm had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.83 billion. As a group, sell-side analysts predict that Adecco will post 1.42 EPS for the current year.

About Adecco

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.