Adecco (OTCMKTS:AHEXY) Shares Gap Up – Time to Buy?

Shares of Adecco SA (OTCMKTS:AHEXY) gapped up before the market opened on Wednesday . The stock had previously closed at $12.3740, but opened at $13.49. Adecco shares last traded at $13.47, with a volume of 1,230 shares trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on AHEXY. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Morgan Stanley lowered Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Finally, BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Adecco presently has an average rating of “Hold”.

Adecco Stock Down 0.6%

The company has a market cap of $4.65 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.04 and a beta of 0.98. The stock’s 50-day moving average is $10.29 and its 200-day moving average is $12.02. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. On average, analysts anticipate that Adecco SA will post 1.35 earnings per share 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.