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Adecco Group AG (OTCMKTS:AHEXY) Receives Consensus Recommendation of "Hold" From Brokerages

Defense World ·  Aug 20, 2022 03:21

Adecco Group AG (OTCMKTS:AHEXY – Get Rating) has earned an average rating of "Hold" from the ten ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $34.28.

Several brokerages recently issued reports on AHEXY. Morgan Stanley lowered their price target on Adecco Group from CHF 34.30 to CHF 33.10 and set an "equal weight" rating for the company in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on Adecco Group from CHF 35 to CHF 32 and set an "underweight" rating for the company in a report on Wednesday, July 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Adecco Group from CHF 41 to CHF 36 in a report on Tuesday, May 10th.

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Adecco Group Trading Down 2.1 %

Shares of AHEXY opened at $16.70 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $5.63 billion, a P/E ratio of 10.00 and a beta of 1.29. The stock's fifty day simple moving average is $17.11 and its 200 day simple moving average is $19.87. Adecco Group has a twelve month low of $16.03 and a twelve month high of $28.73.

Adecco Group (OTCMKTS:AHEXY – Get Rating) last issued its earnings results on Thursday, August 4th. The business services provider reported $0.45 earnings per share for the quarter. The business had revenue of $6.33 billion for the quarter. Adecco Group had a return on equity of 15.00% and a net margin of 2.22%. On average, equities research analysts forecast that Adecco Group will post 1.97 earnings per share for the current year.

About Adecco Group

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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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