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

Shares of Adecco SA (OTCMKTS:AHEXY) gapped up prior to trading on Wednesday. The stock had previously closed at $12.57, but opened at $14.07. Adecco shares last traded at $14.08, with a volume of 1,462 shares trading hands.

Analyst Ratings Changes

Several brokerages have commented on AHEXY. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research report on Tuesday, September 8th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Jefferies Financial Group upgraded Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adecco in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Adecco has an average rating of “Hold”.

Adecco Trading Down 1.4%

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a fifty day moving average price of $14.32 and a 200 day moving average price of $12.37. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.32 and a beta of 0.94.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.83 billion. Adecco had a net margin of 1.25% and a return on equity of 12.67%. As a group, equities analysts predict that Adecco SA will post 1.42 EPS for the current fiscal year.

About Adecco

Adecco, part of The Adecco Group, is a global workforce-solutions and human-resources services company. It connects businesses with temporary and permanent employees and provides recruitment, staffing, workforce management and related talent services across a range of industries, including office and administrative roles, manufacturing, logistics, technology and professional services.

The company also offers career transition and outplacement support, leadership development, skills training and consulting services.