Adecco Group (AHEXY) Upgraded to Buy at Zacks Investment Research

Adecco Group (OTCMKTS:AHEXY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $46.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.81% from the stock’s current price.

According to Zacks, “Adecco Group offers a wide variety of services that connects colleagues with clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. It also provides services in various business lines such as information technology, finance and legal, engineering and technical, medical and science, human capital solutions, sales, marketing and events. Adecco S.A. is headquartered in Glattbrugg, Switzerland. “

Adecco Group (AHEXY) traded up $0.19 on Monday, hitting $41.14. 9,041 shares of the stock traded hands, compared to its average volume of 9,925. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.18 and a quick ratio of 1.18. Adecco Group has a 1 year low of $34.25 and a 1 year high of $41.14. The stock has a market capitalization of $14,017.68, a PE ratio of 17.89, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03.

Adecco Group (OTCMKTS:AHEXY) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.43 earnings per share for the quarter. Adecco Group had a net margin of 3.00% and a return on equity of 19.35%. equities analysts predict that Adecco Group will post 2.86 earnings per share for the current year.

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Adecco Group Company Profile

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 sectors under the Adecco brand.

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