Shares of Adecco SA (OTCMKTS:AHEXY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $14.66, but opened at $15.13. Adecco shares last traded at $15.13, with a volume of 846 shares traded.
Wall Street Analyst Weigh In
AHEXY has been the subject of a number of research analyst reports. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Morgan Stanley reiterated an “underweight” rating on shares of Adecco in a report on Monday, August 10th. UBS Group cut Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.
View Our Latest Research Report on AHEXY
Adecco Trading Up 0.7%
Adecco (OTCMKTS:AHEXY – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share 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 12.78%. The business had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.83 billion. As a group, equities research analysts predict that Adecco SA will post 1.42 earnings per share for the current year.
Institutional Trading of Adecco
A hedge fund recently bought a new stake in Adecco stock. Public Employees Retirement System of Ohio bought a new stake in Adecco SA (OTCMKTS:AHEXY – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 488,940 shares of the business services provider’s stock, valued at approximately $7,354,000. Public Employees Retirement System of Ohio owned approximately 0.14% of Adecco as of its most recent SEC filing.
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.
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