Adecco Group AG (OTCMKTS:AHEXY – Get Rating) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 7,400 shares, a growth of 12.1% from the July 31st total of 6,600 shares. Based on an average daily volume of 87,800 shares, the days-to-cover ratio is currently 0.1 days.
Adecco Group Stock Performance
Shares of OTCMKTS AHEXY opened at $15.55 on Monday. The business has a fifty day simple moving average of $16.99 and a 200 day simple moving average of $19.49. 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 $5.24 billion, a price-to-earnings ratio of 9.31 and a beta of 1.29. Adecco Group has a one year low of $15.54 and a one year high of $28.73.Get Adecco Group alerts:
Adecco Group (OTCMKTS:AHEXY – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The business services provider reported $0.45 earnings per share (EPS) for the quarter. Adecco Group had a return on equity of 15.00% and a net margin of 2.22%. The firm had revenue of $6.33 billion during the quarter. Sell-side analysts expect that Adecco Group will post 1.9 EPS for the current year.
Analyst Ratings ChangesSeveral research firms have recently weighed in on AHEXY. Deutsche Bank Aktiengesellschaft reduced their price objective on Adecco Group from CHF 41 to CHF 36 in a research report on Tuesday, May 10th. JPMorgan Chase & Co. reduced their price objective on Adecco Group from CHF 35 to CHF 32 and set an "underweight" rating for the company in a research report on Wednesday, July 13th. Finally, Morgan Stanley reduced their price objective on Adecco Group from CHF 34.30 to CHF 33.10 and set an "equal weight" rating for the company in a research report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $34.28.
About Adecco Group
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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