Adecco (OTCMKTS:AHEXY) Shares Gap Up – What’s Next?

Adecco SA (OTCMKTS:AHEXY) shares gapped up before the market opened on Friday . The stock had previously closed at $14.23, but opened at $14.8750. Adecco shares last traded at $14.89, with a volume of 1,516 shares.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley restated an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adecco in a research report on Wednesday, September 9th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Jefferies Financial Group upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. Finally, BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Adecco Stock Up 1.0%

The firm’s 50-day moving average price is $14.02 and its 200 day moving average price is $12.08. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.20 and a beta of 0.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Adecco had a return on equity of 12.67% and a net margin of 1.25%. On average, sell-side analysts forecast that Adecco SA will post 1.41 EPS for the current fiscal year.

About Adecco

Adecco, part of The Adecco Group, is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. The company connects businesses with workers through temporary staffing, permanent placement and recruitment services across a broad range of industries and skill levels.

Its offerings also include workforce outsourcing, career transition and outplacement, professional development, talent consulting and other human resources services. The Adecco Group operates through brands including Adecco, LHH and Akkodis, which provides engineering, information technology and digital consulting services.

The company traces its history to the 1996 merger of the Swiss staffing firm Adia and France-based Ecco.