Adecco (OTCMKTS:AHEXY) Shares Gap Up – Should You Buy?

Shares of Adecco SA (OTCMKTS:AHEXY) gapped up before the market opened on Monday . The stock had previously closed at $13.88, but opened at $14.76. Adecco shares last traded at $14.76, with a volume of 330 shares changing hands.

Analysts Set New Price Targets

AHEXY has been the topic of a number of analyst reports. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research note on Monday. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, UBS Group cut Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Adecco currently has a consensus rating of “Hold”.

Adecco Stock Down 1.6%

The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.24 and a beta of 0.94. The business’s 50 day moving average is $11.39 and its 200-day moving average is $12.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.83 billion. Adecco had a net margin of 1.25% and a return on equity of 12.78%. On average, sell-side analysts predict that Adecco SA will post 1.42 EPS for the current fiscal 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.