Adecco (OTCMKTS:AHEXY) Stock Rating Cut to Hold at Kepler Capital Markets

Adecco (OTCMKTS:AHEXY) was downgraded by analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Several other analysts also recently weighed in on AHEXY. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Morgan Stanley restated an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Jefferies Financial Group raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adecco in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Adecco Price Performance

Shares of AHEXY stock opened at $12.67 on Wednesday. Adecco has a 52-week low of $8.98 and a 52-week high of $16.26. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $4.40 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.19 and a beta of 0.94. The stock has a 50 day moving average price of $14.46 and a 200 day moving average price of $12.33.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.83 billion. Adecco had a return on equity of 12.67% and a net margin of 1.25%. As a group, sell-side analysts predict that Adecco will post 1.42 earnings per share for the current year.

About Adecco

Adecco is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. It helps organizations recruit, place and manage employees across a range of industries, while also supporting job seekers with career opportunities, skills development and workforce guidance.

The company’s services include temporary and permanent staffing, recruitment, career transition and outplacement, talent development, outsourcing and workforce consulting. Adecco operates through brands and business lines that include Adecco for staffing and recruitment, Akkodis for technology and engineering consulting, and LHH for professional recruitment, leadership development and career transition services.

Adecco traces its history to the 1996 merger of the Swiss staffing company Adia and France’s Ecco.