JPMorgan Chase & Co. Trims Adecco Group (OTCMKTS:AHEXY) Target Price to CHF 38

Adecco Group (OTCMKTS:AHEXY – Get Rating) had its price target decreased by investment analysts at JPMorgan Chase & Co. from CHF 42 to CHF 38 in a note issued to investors on Wednesday, The Fly reports. The firm currently has an “underweight” rating on the business services provider’s stock.

A number of other brokerages have also commented on AHEXY. Zacks Investment Research lowered Adecco Group from a “hold” rating to a “sell” rating in a report on Friday, April 8th. Kepler Capital Markets downgraded Adecco Group from a “hold” rating to a “reduce” rating and set a CHF 36 price target for the company. in a report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft cut Adecco Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Exane BNP Paribas lowered shares of Adecco Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 17th. Finally, UBS Group raised shares of Adecco Group from a “sell” rating to a “buy” rating in a research report on Wednesday, January 19th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.03.

OTCMKTS AHEXY traded down $0.20 during mid-day trading on Wednesday, hitting $20.20. The company’s stock had a trading volume of 139,065 shares, compared to its average volume of 63,972. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of -202.00 and a beta of 1.34. The company’s 50 day simple moving average is $22.81 and its 200 day simple moving average is $24.38. The company has a current ratio of 1.63, a quick ratio of 1.70 and a debt-to-equity ratio of 0.72. Adecco Group has a twelve month low of $19.90 and a twelve month high of $35.93.

Adecco Group (OTCMKTS:AHEXY – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The business services provider reported $0.63 earnings per share for the quarter. The firm had revenue of $6.28 billion for the quarter. Adecco Group had a negative net margin of 0.11% and a positive return on equity of 11.26%. As a group, research analysts forecast that Adecco Group will post 2.25 EPS for the current year.

Adecco Group Company Profile (Get Rating)

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations worldwide. It offers temporary staffing, permanent placement, and career transition services; technical experts for project-related work; managed service programs; recruitment process outsourcing; training, upskilling, and reskilling services; technology and digital-engineering consulting; and talent development services under the Adecco, LHH, General Assembly, Spring, Badenoch + Clark, Adia, Vettery, Spring Professional, Modis, and Pontoon brands.

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