Adecco (OTCMKTS:AHEXY) Shares Gap Up – Still a Buy?

Adecco SA (OTCMKTS:AHEXY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $9.18, but opened at $9.73. Adecco shares last traded at $9.73, with a volume of 247 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on AHEXY. Zacks Research lowered shares of Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. UBS Group downgraded shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. Finally, Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Adecco Trading Up 4.1%

The business has a 50 day moving average of $10.30 and a two-hundred day moving average of $12.35. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.38 billion, a P/E ratio of 9.26, a PEG ratio of 0.79 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. Analysts predict 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.