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

Adecco SA (OTCMKTS:AHEXY) gapped up before the market opened on Tuesday . The stock had previously closed at $13.4360, but opened at $14.25. Adecco shares last traded at $14.25, with a volume of 627 shares changing hands.

Wall Street Analyst Weigh In

AHEXY has been the subject of a number of research reports. BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Citigroup lowered shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Adecco currently has a consensus rating of “Hold”.

Adecco Trading Down 0.3%

The business has a 50-day moving average of $10.65 and a 200-day moving average of $12.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.13 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. Adecco had a return on equity of 12.09% and a net margin of 1.31%. As a group, research analysts forecast that Adecco SA will post 1.35 earnings per share for the current year.

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.