Adecco SA (OTCMKTS:AHEXY) Short Interest Down 45.5% in February

Adecco SA (OTCMKTS:AHEXY) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 3,920 shares, a decrease of 45.5% from the February 12th total of 7,198 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 29,263 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 29,263 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AHEXY. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group downgraded shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. BNP Paribas Exane lowered shares of Adecco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, UBS Group raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Adecco Stock Up 0.9%

AHEXY stock opened at $13.23 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.02 and a beta of 1.04. Adecco has a fifty-two week low of $12.19 and a fifty-two week high of $16.89. The stock has a fifty day moving average of $14.15 and a 200-day moving average of $14.33.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.95 billion. Adecco had a return on equity of 12.09% and a net margin of 1.28%. As a group, equities research analysts predict that Adecco will post 1.32 earnings per share for the current year.

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.