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

Adecco SA (OTCMKTS:AHEXY) shares gapped down before the market opened on Friday . The stock had previously closed at $14.59, but opened at $14.14. Adecco shares last traded at $14.14, with a volume of 211 shares.

Analysts Set New Price Targets

AHEXY has been the subject of several analyst reports. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. BNP Paribas Exane cut shares of Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group downgraded shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Adecco Trading Down 2.1%

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.10 and a beta of 1.04. The business has a 50-day moving average of $14.30 and a two-hundred day moving average of $14.82.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Adecco had a return on equity of 10.98% and a net margin of 1.22%.The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.68 billion. Research analysts predict that Adecco SA will post 1.32 EPS for the current fiscal 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.