Sodexo (OTCMKTS:SDXAY) Hits New 12-Month High – Still a Buy?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) reached a new 52-week high during trading on Wednesday . The company traded as high as $13.4050 and last traded at $13.3902, with a volume of 1706 shares. The stock had previously closed at $13.26.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SDXAY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sodexo in a research report on Friday, July 3rd. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research report on Tuesday, July 14th. Morgan Stanley reiterated an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Sodexo Price Performance

The stock has a 50-day simple moving average of $12.47 and a 200-day simple moving average of $11.26.

Sodexo Company Profile

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.