Adecco (OTCMKTS:AHEXY) Upgraded to “Strong-Buy” at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Adecco (OTCMKTS:AHEXY) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports.

AHEXY has been the subject of a number of other reports. Morgan Stanley downgraded Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Adecco Price Performance

Shares of AHEXY opened at $12.57 on Friday. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.92 and a beta of 0.98. Adecco has a fifty-two week low of $8.98 and a fifty-two week high of $16.83. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day moving average is $10.12 and its 200-day moving average is $12.08.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The business 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%. Equities research analysts expect that Adecco will post 1.35 EPS for the current fiscal year.

Adecco Company Profile

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.