Adecco SA (OTCMKTS:AHEXY) Given Consensus Rating of “Hold” by Analysts

Shares of Adecco SA (OTCMKTS:AHEXY) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have recently commented on AHEXY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Adecco in a research report on Monday, August 10th. Citigroup lowered Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. UBS Group cut Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Adecco stock. Public Employees Retirement System of Ohio bought a new stake in shares of Adecco SA (OTCMKTS:AHEXY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 488,940 shares of the business services provider’s stock, valued at approximately $7,354,000. Public Employees Retirement System of Ohio owned 0.14% of Adecco as of its most recent SEC filing.

Adecco Price Performance

AHEXY stock opened at $15.02 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. Adecco has a one year low of $8.98 and a one year high of $16.26. The firm has a market capitalization of $5.22 billion, a PE ratio of 14.87, a P/E/G ratio of 1.23 and a beta of 0.94. The firm has a 50-day moving average of $12.28 and a two-hundred day moving average of $12.01.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Adecco had a net margin of 1.25% and a return on equity of 12.78%. The company had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.83 billion. On average, analysts forecast that Adecco will post 1.42 earnings per share 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.