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

Adecco SA (OTCMKTS:AHEXY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $14.21, but opened at $14.86. Adecco shares last traded at $14.6228, with a volume of 1,053 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AHEXY. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research report on Tuesday. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adecco in a research note on Wednesday. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, UBS Group cut Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Adecco Price Performance

The company’s fifty day moving average is $13.36 and its 200 day moving average is $12.04. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.26 and a beta of 0.96. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.86.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Adecco had a net margin of 1.25% and a return on equity of 12.67%. The firm had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.83 billion. On average, equities research analysts predict that Adecco SA will post 1.41 EPS for the current year.

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.