Adecco (OTCMKTS:AHEXY) Shares Gap Up – Here’s Why

Adecco SA (OTCMKTS:AHEXY) gapped up before the market opened 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 trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on AHEXY. Jefferies Financial Group upgraded Adecco from an “underperform” rating to a “hold” rating in a report on Thursday. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Morgan Stanley restated an “underweight” rating on shares of Adecco in a research note on Tuesday. Finally, BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, Adecco has an average rating of “Hold”.

Adecco Stock Up 1.0%

The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.24 and a beta of 0.96. The firm has a fifty day moving average price of $13.56 and a 200 day moving average price of $12.05. 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 announced its earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $6.93 billion for 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%. Sell-side analysts anticipate that Adecco SA will post 1.41 EPS for the current fiscal year.

Adecco Company Profile

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.