Adecco Group (OTCMKTS:AHEXY) Price Target Cut to CHF 36 by Analysts at Deutsche Bank Aktiengesellschaft

Adecco Group (OTCMKTS:AHEXYGet Rating) had its price target decreased by investment analysts at Deutsche Bank Aktiengesellschaft from CHF 41 to CHF 36 in a research note issued on Tuesday, The Fly reports.

Other research analysts have also issued research reports about the stock. UBS Group raised shares of Adecco Group from a “sell” rating to a “buy” rating in a research note on Wednesday, January 19th. JPMorgan Chase & Co. cut their price target on shares of Adecco Group from CHF 38 to CHF 35 and set an “underweight” rating on the stock in a research note on Friday. Morgan Stanley cut their price target on shares of Adecco Group from CHF 54.50 to CHF 51.50 and set an “equal weight” rating on the stock in a research note on Friday, April 29th. Zacks Investment Research lowered shares of Adecco Group from a “hold” rating to a “sell” rating in a research report on Friday, April 8th. Finally, Exane BNP Paribas lowered shares of Adecco Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 17th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.44.

Adecco Group stock opened at $16.96 on Tuesday. The company’s 50 day simple moving average is $21.31 and its 200 day simple moving average is $23.74. Adecco Group has a fifty-two week low of $16.92 and a fifty-two week high of $35.93. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of -67.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.63 and a quick ratio of 1.70.

Adecco Group (OTCMKTS:AHEXYGet Rating) last released its quarterly earnings data on Thursday, February 24th. The business services provider reported $0.63 earnings per share for the quarter. Adecco Group had a negative net margin of 0.31% and a positive return on equity of 11.06%. The business had revenue of $6.28 billion for the quarter. As a group, analysts predict that Adecco Group will post 2.25 EPS for the current fiscal year.

Adecco Group Company Profile (Get Rating)

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, technology consulting and talent, tech academy, digital staffing services, and talent advisory and solutions under the Adecco, Adia, General Assembly, Badenoch + Clark, LHH, pontoon, Spring, and Modis.

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