Adecco (OTCMKTS:AHEXY) Cut to Neutral at BNP Paribas Exane

Adecco (OTCMKTS:AHEXY) was downgraded by analysts at BNP Paribas Exane from an “outperform” rating to a “neutral” rating in a report issued on Friday.

AHEXY has been the topic of several other reports. Jefferies Financial Group upgraded Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 11th. Zacks Research lowered Adecco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Sanford C. Bernstein raised Adecco from a “hold” rating to an “outperform” rating in a research note on Monday, September 22nd. BNP Paribas lowered Adecco to a “neutral” rating in a report on Friday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Adecco in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Adecco Stock Performance

OTCMKTS:AHEXY opened at $13.99 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. The company has a fifty day moving average of $14.56 and a two-hundred day moving average of $14.82. The stock has a market capitalization of $4.71 billion, a PE ratio of 15.04, a P/E/G ratio of 1.30 and a beta of 1.07. Adecco has a fifty-two week low of $11.08 and a fifty-two week high of $16.89.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.68 billion. Adecco had a net margin of 1.22% and a return on equity of 10.98%. As a group, research analysts forecast that Adecco will post 1.32 earnings per share for the current fiscal year.

About Adecco

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.