Adecco (OTCMKTS:AHEXY) Raised to “Strong-Buy” at BNP Paribas Exane

Adecco (OTCMKTS:AHEXY) was upgraded by equities research analysts at BNP Paribas Exane from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Several other research analysts have also weighed in on AHEXY. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Citigroup lowered Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Adecco Trading Up 5.6%

AHEXY opened at $12.57 on Friday. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.97 and a beta of 0.98. Adecco has a 12 month low of $8.98 and a 12 month high of $16.83. The stock has a fifty day moving average price of $10.12 and a 200-day moving average price of $12.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. As a group, equities research analysts anticipate that Adecco will post 1.35 earnings per share for the current fiscal year.

About Adecco

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.