Adecco (OTCMKTS:AHEXY) Stock Rating Cut to "Hold" at Kepler Capital Markets

Key Points

• Kepler Capital Markets downgraded Adecco from “strong buy” to “hold,” bringing the overall analyst consensus to “Hold.” Ratings include one Strong Buy, one Buy, four Holds and two Sells.
• Adecco shares opened at $12.67, up 0.6%, with a market capitalization of approximately $4.40 billion and a 12-month trading range of $8.98 to $16.26.
• The company exceeded quarterly expectations, reporting $0.35 in EPS versus a $0.30 consensus estimate and revenue of $6.93 billion compared with expectations of $6.83 billion.

Adecco (OTCMKTS:AHEXY - Get Free Report) was downgraded by equities research analysts at Kepler Capital Markets from a "strong-buy" rating to a "hold" rating in a report released on Wednesday, Zacks reports.

A number of other equities research analysts also recently issued reports on the company. BNP Paribas Exane upgraded Adecco from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Adecco in a research note on Wednesday, September 9th. Jefferies Financial Group upgraded Adecco from a "moderate sell" rating to a "hold" rating in a report on Thursday, September 10th. Zacks Research upgraded Adecco from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, Morgan Stanley reissued an "underweight" rating on shares of Adecco in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold".

Adecco Stock Up 0.6%

Shares of OTCMKTS AHEXY opened at $12.67 on Wednesday. The firm's 50-day moving average price is $14.46 and its 200-day moving average price is $12.33. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.19 and a beta of 0.94. Adecco has a 12-month low of $8.98 and a 12-month high of $16.26.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. The firm had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.83 billion. Adecco had a net margin of 1.25% and a return on equity of 12.67%. On average, equities research analysts anticipate that Adecco will post 1.42 EPS for the current fiscal year.

Adecco Company Profile

Adecco is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. It helps organizations recruit, place and manage employees across a range of industries, while also supporting job seekers with career opportunities, skills development and workforce guidance.

The company's services include temporary and permanent staffing, recruitment, career transition and outplacement, talent development, outsourcing and workforce consulting. Adecco operates through brands and business lines that include Adecco for staffing and recruitment, Akkodis for technology and engineering consulting, and LHH for professional recruitment, leadership development and career transition services.

Adecco traces its history to the 1996 merger of the Swiss staffing company Adia and France's Ecco.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.