Adecco (OTCMKTS:AHEXY) Shares Gap Up – Here’s What Happened

Adecco SA (OTCMKTS:AHEXY) gapped up prior to trading on Wednesday . The stock had previously closed at $14.21, but opened at $14.86. Adecco shares last traded at $14.6228, with a volume of 1,053 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AHEXY shares. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adecco in a research report on Wednesday. BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research note on Tuesday. Finally, UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Adecco Price Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $5.10 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.26 and a beta of 0.96. The company’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $12.04.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Adecco had a net margin of 1.25% and a return on equity of 12.67%. The company had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.83 billion. As a group, equities analysts forecast that Adecco SA will post 1.41 earnings per share for the current 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.