Adecco (OTCMKTS:AHEXY) Shares Gap Up – Here’s Why

Adecco SA (OTCMKTS:AHEXY) shares gapped up before the market opened 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.

Analyst Ratings Changes

Several research firms have recently issued reports on AHEXY. Morgan Stanley reaffirmed an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Kepler Capital Markets cut Adecco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adecco in a report on Wednesday, September 9th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Adecco Price Performance

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 company has a market capitalization of $4.87 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.19 and a beta of 0.94. The firm’s fifty day moving average is $14.34 and its 200 day moving average is $12.35.

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

Adecco Company Profile

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.