Brokers Issue Forecasts for Adecco Group AG's FY2022 Earnings (OTCMKTS:AHEXY)

Defense World ·  Dec 11, 2022 01:31

Adecco Group AG (OTCMKTS:AHEXY – Get Rating) – Investment analysts at Jefferies Financial Group increased their FY2022 earnings estimates for shares of Adecco Group in a report released on Wednesday, December 7th. Jefferies Financial Group analyst K. Marden now expects that the business services provider will earn $1.88 per share for the year, up from their prior forecast of $1.68. The consensus estimate for Adecco Group's current full-year earnings is $1.86 per share. Jefferies Financial Group also issued estimates for Adecco Group's FY2023 earnings at $1.06 EPS and FY2024 earnings at $1.79 EPS.

Get Adecco Group alerts:

A number of other research analysts also recently weighed in on the stock. Morgan Stanley downgraded shares of Adecco Group from an "equal weight" rating to an "underweight" rating in a report on Monday, December 5th. Royal Bank of Canada cut their price target on shares of Adecco Group from CHF 48 to CHF 45 in a report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Adecco Group from CHF 30 to CHF 28 and set an "underweight" rating on the stock in a report on Monday, October 17th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Adecco Group currently has a consensus rating of "Hold" and an average target price of $35.62.

Adecco Group Stock Up 1.0 %

AHEXY stock opened at $16.52 on Friday. Adecco Group has a 12-month low of $13.20 and a 12-month high of $27.60. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 10.87 and a beta of 1.33. The company has a 50 day moving average of $15.94 and a two-hundred day moving average of $16.48.

About Adecco Group

(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.

Featured Articles

  • Get a free copy of the research report on Adecco Group (AHEXY)
  • MarketBeat: Week in Review 12/05 – 12/09
  • There Is Fundamental Value In Broadcom, And It Yields 3.35%
  • Costco vs Amazon: an end of the year showdown
  • Discount Retailers Could Make Good Bargain Stocks
  • Can Pfizer, Johnson & Johnson Continue Outperforming the Index?

Receive News & Ratings for Adecco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adecco Group and related companies with's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment