Adecco (OTCMKTS:AHEXY) Shares Gap Up – Time to Buy?

Adecco SA (OTCMKTS:AHEXY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $9.18, but opened at $9.73. Adecco shares last traded at $9.73, with a volume of 247 shares traded.

Analysts Set New Price Targets

AHEXY has been the topic of a number of research analyst reports. Citigroup lowered Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Finally, Zacks Research downgraded shares of Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adecco presently has an average rating of “Reduce”.

Adecco Price Performance

The firm has a market capitalization of $3.39 billion, a P/E ratio of 9.31, a P/E/G ratio of 0.84 and a beta of 0.98. The business’s fifty day moving average is $10.22 and its 200 day moving average is $12.31. 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 (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. As a group, analysts forecast that Adecco SA will post 1.41 EPS 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.