Adecco SA (OTCMKTS:AHEXY) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Adecco an average recommendation of "Hold" from six brokerages (four hold, two buy), with recent analyst moves including Jefferies downgrading to "moderate sell" and UBS and Zacks upgrading to "hold".
• Adecco beat quarterly expectations, reporting $0.44 EPS versus consensus $0.35 and revenue of $7.01 billion versus $6.95 billion, and analysts project about $1.32 EPS for the fiscal year.
• Shares opened at $12.13 with a 12-month range of $11.26–$16.83; the company has a market cap of $4.06 billion and a P/E of 12.13.

Shares of Adecco SA (OTCMKTS:AHEXY - Get Free Report) have been assigned an average recommendation of "Hold" from the six brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

AHEXY has been the subject of a number of research reports. Jefferies Financial Group lowered Adecco from a "hold" rating to a "moderate sell" rating in a research report on Thursday, January 8th. UBS Group upgraded Adecco from a "strong sell" rating to a "hold" rating in a research report on Friday, March 6th. Finally, Zacks Research upgraded Adecco from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th.

Adecco Stock Performance

Adecco stock opened at $12.13 on Thursday. The stock has a 50-day simple moving average of $12.84 and a 200 day simple moving average of $13.86. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. Adecco has a 12-month low of $11.26 and a 12-month high of $16.83. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.92 and a beta of 1.07.

Adecco (OTCMKTS:AHEXY - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.09. Adecco had a return on equity of 12.02% and a net margin of 1.28%.The business had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $6.95 billion. On average, research analysts anticipate that Adecco will post 1.32 earnings per share for the current fiscal 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.

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