Adecco (OTCMKTS:AHEXY) Shares Gap Down - Time to Sell?

Key Points

• Adecco shares gapped down from a previous close of $14.85 to open at $14.52, reflecting current market volatility.
• Multiple analysts have upgraded Adecco's stock ratings recently, with the consensus rating now at "Moderate Buy" and forecasted growth potential.
• Despite missing quarterly earnings expectations with EPS of $0.26, Adecco reported robust revenue of $6.71 billion, significantly exceeding estimates.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $14.85, but opened at $14.52. Adecco shares last traded at $14.62, with a volume of 899 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AHEXY shares. Sanford C. Bernstein raised Adecco from a "hold" rating to an "outperform" rating in a report on Monday, September 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Adecco in a report on Tuesday, August 12th. Cfra Research raised Adecco from a "moderate sell" rating to a "hold" rating in a report on Wednesday, August 6th. Finally, Jefferies Financial Group raised Adecco from a "moderate sell" rating to a "hold" rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Adecco Stock Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.37 and a beta of 1.18. The firm's 50 day simple moving average is $14.91 and its 200-day simple moving average is $14.53.

Adecco (OTCMKTS:AHEXY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). Adecco had a return on equity of 10.94% and a net margin of 1.26%.The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $5.72 billion. Analysts expect that Adecco SA will post 1.32 EPS for the current year.

About Adecco

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.

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