Adecco (OTCMKTS:AHEXY) Shares Up 9.2% – Should You Buy?

Adecco SA (OTCMKTS:AHEXY) shares were up 9.2% during trading on Thursday . The stock traded as high as $13.51 and last traded at $13.51. Approximately 425 shares changed hands during trading, a decline of 98% from the average session volume of 23,683 shares. The stock had previously closed at $12.3740.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AHEXY shares. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Citigroup lowered Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. Finally, BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. 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. Based on data from MarketBeat, the company has an average rating of “Hold”.

Adecco Stock Performance

The firm’s 50-day moving average price is $10.37 and its 200 day moving average price is $12.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.03 and a beta of 0.98.

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 business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. On average, sell-side analysts anticipate that Adecco SA will post 1.35 EPS for the current 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.