Adecco (OTCMKTS:AHEXY) Shares Gap Up - Still a Buy?

Key Points

• Adecco SA's stock (OTCMKTS:AHEXY) experienced a significant gap up, opening at $15.59 after closing at $14.74.
• Multiple research analysts have upgraded Adecco's stock ratings, with the consensus now positioned as a "Moderate Buy."
• The company reported $0.26 earnings per share, which missed analysts' expectations of $0.28, despite having a revenue of $6.71 billion for the quarter.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $14.74, but opened at $15.59. Adecco shares last traded at $15.59, with a volume of 109 shares trading hands.

Analyst Upgrades and Downgrades

AHEXY has been the topic of a number of research analyst reports. Sanford C. Bernstein upgraded shares of Adecco from a "hold" rating to an "outperform" rating in a research note on Monday, September 22nd. Cfra Research upgraded shares of Adecco from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, August 6th. Jefferies Financial Group upgraded shares of Adecco from a "moderate sell" rating to a "hold" rating in a report on Thursday, September 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Adecco in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Adecco Price Performance

The stock's fifty day moving average price is $15.00 and its 200-day moving average price is $14.54. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18.

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

Adecco Company Profile

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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