Adecco (OTCMKTS:AHEXY) Shares Gap Up – Time to Buy?

Adecco SA (OTCMKTS:AHEXY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.41, but opened at $11.79. Adecco shares last traded at $11.77, with a volume of 2,029 shares.

Analysts Set New Price Targets

Several analysts have issued reports on AHEXY shares. UBS Group raised Adecco from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. BNP Paribas Exane cut Adecco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Adecco Trading Up 0.8%

The stock has a fifty day simple moving average of $13.60 and a 200 day simple moving average of $14.07. The firm has a market capitalization of $3.93 billion, a P/E ratio of 11.74, a PEG ratio of 0.89 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. Adecco had a return on equity of 12.02% and a net margin of 1.28%.The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.95 billion. As a group, research analysts forecast that Adecco SA will post 1.32 EPS for the current 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.