Adecco SA (OTCMKTS:AHEXY) Given Consensus Recommendation of “Hold” by Brokerages

Adecco SA (OTCMKTS:AHEXY) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts recently weighed in on AHEXY shares. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research report on Monday, August 10th. BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th.

Adecco Trading Up 0.4%

Shares of AHEXY opened at $14.26 on Wednesday. The business’s 50-day moving average price is $11.79 and its 200 day moving average price is $12.00. The stock has a market capitalization of $4.95 billion, a P/E ratio of 14.12, a P/E/G ratio of 1.22 and a beta of 0.93. Adecco has a 1-year low of $8.98 and a 1-year high of $16.73. 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 posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Adecco had a net margin of 1.25% and a return on equity of 12.78%. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.83 billion. Analysts expect that Adecco will post 1.42 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Adecco stock. Public Employees Retirement System of Ohio bought a new position in Adecco SA (OTCMKTS:AHEXY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 488,940 shares of the business services provider’s stock, valued at approximately $7,354,000. Public Employees Retirement System of Ohio owned approximately 0.14% of Adecco at the end of the most recent quarter.

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.