Adecco (OTCMKTS:AHEXY) Shares Gap Up – Should You Buy?

Adecco SA (OTCMKTS:AHEXY) gapped up prior to trading on Thursday . The stock had previously closed at $11.41, but opened at $11.79. Adecco shares last traded at $11.77, with a volume of 2,029 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AHEXY shares. UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. BNP Paribas Exane downgraded Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Adecco Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.04. The stock has a fifty day moving average price of $13.49 and a two-hundred day moving average price of $14.03. The company has a market cap of $3.83 billion, a P/E ratio of 11.44, a PEG ratio of 0.90 and a beta of 1.04.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.95 billion. On average, equities analysts forecast that Adecco SA 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.