ADECCO GRP AG/ADR (OTCMKTS:AHEXY) Downgraded by Jefferies Financial Group

Jefferies Financial Group cut shares of ADECCO GRP AG/ADR (OTCMKTS:AHEXY) from a hold rating to an underperform rating in a research report sent to investors on Monday morning, The Fly reports. Jefferies Financial Group also issued estimates for ADECCO GRP AG/ADR’s Q2 2019 earnings at $0.57 EPS, FY2019 earnings at $2.38 EPS, FY2020 earnings at $2.49 EPS and FY2021 earnings at $2.22 EPS.

AHEXY has been the subject of several other research reports. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Bank of America set a $144.00 target price on Walt Disney and gave the company a buy rating in a research note on Friday, April 12th. Goldman Sachs Group reaffirmed a hold rating and set a $8.40 target price on shares of Deutsche Bank in a research note on Monday, July 8th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a buy rating to a hold rating in a research note on Tuesday, May 7th. Finally, Morgan Stanley set a $18.00 target price on PG&E and gave the company a hold rating in a research note on Friday, June 14th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold.

Shares of AHEXY stock opened at $27.24 on Monday. The company’s 50-day moving average price is $28.43. ADECCO GRP AG/ADR has a fifty-two week low of $21.86 and a fifty-two week high of $30.89. The company has a market capitalization of $9.08 billion, a PE ratio of 11.45, a P/E/G ratio of -2.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.20 and a quick ratio of 1.20.

ADECCO GRP AG/ADR (OTCMKTS:AHEXY) last announced its earnings results on Tuesday, May 7th. The business services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. ADECCO GRP AG/ADR had a return on equity of 18.36% and a net margin of 1.96%. The business had revenue of $6.41 billion during the quarter. Sell-side analysts expect that ADECCO GRP AG/ADR will post 2.38 EPS for the current year.

About ADECCO GRP AG/ADR

Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial and service sectors under the Adecco brand names, as well as recruitment on demand and online staffing platform for hospitality and events under Adia brand name.

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