Adecco (OTCMKTS:AHEXY) Raised to Strong-Buy at BNP Paribas Exane

Adecco (OTCMKTS:AHEXY) was upgraded by BNP Paribas Exane from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other research analysts also recently commented on AHEXY. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group downgraded shares of Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Adecco Trading Up 5.6%

Shares of Adecco stock opened at $12.57 on Friday. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.83. The firm has a market cap of $4.37 billion, a PE ratio of 11.97, a P/E/G ratio of 0.92 and a beta of 0.98. The business’s fifty day moving average is $10.12 and its two-hundred day moving average is $12.08. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. Analysts anticipate that Adecco will post 1.35 earnings per share for the current 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.