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

Key Points

• Adecco shares opened 4.5% higher at $14.875 and were last trading at $14.89, although trading volume was light at 1,516 shares.
• Analyst sentiment is mixed, with ratings ranging from strong buy to sell; the overall consensus is “Hold.”
• Adecco exceeded quarterly expectations, reporting $0.35 EPS versus $0.30 expected and revenue of $6.93 billion versus $6.83 billion forecast. Analysts project full-year EPS of $1.41.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $14.23, but opened at $14.8750. Adecco shares last traded at $14.89, with a volume of 1,516 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AHEXY. Morgan Stanley reissued an "underweight" rating on shares of Adecco in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Adecco in a report on Wednesday, September 9th. Zacks Research upgraded Adecco from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. BNP Paribas Exane upgraded Adecco from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group raised Adecco from a "moderate sell" rating to a "hold" rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Adecco Trading Up 1.0%

The business has a 50 day moving average of $14.02 and a 200-day moving average of $12.08. 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 firm has a market capitalization of $5.17 billion, a P/E ratio of 14.74, a PEG ratio of 1.20 and a beta of 0.96.

Adecco (OTCMKTS:AHEXY - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The company 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%. Analysts anticipate that Adecco SA will post 1.41 EPS for the current fiscal year.

Adecco Company Profile

Adecco, part of The Adecco Group, is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. The company connects businesses with workers through temporary staffing, permanent placement and recruitment services across a broad range of industries and skill levels.

Its offerings also include workforce outsourcing, career transition and outplacement, professional development, talent consulting and other human resources services. The Adecco Group operates through brands including Adecco, LHH and Akkodis, which provides engineering, information technology and digital consulting services.

The company traces its history to the 1996 merger of the Swiss staffing firm Adia and France-based Ecco.

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