Adecco Group (AHEXY) Upgraded at Zacks Investment Research

Adecco Group (OTCMKTS:AHEXY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $46.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 11.81% from the stock’s previous close.

According to Zacks, “Adecco Group offers a wide variety of services that connects colleagues with clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. It also provides services in various business lines such as information technology, finance and legal, engineering and technical, medical and science, human capital solutions, sales, marketing and events. Adecco S.A. is headquartered in Glattbrugg, Switzerland. “

Shares of Adecco Group (OTCMKTS AHEXY) traded up $0.19 during trading hours on Monday, hitting $41.14. 9,041 shares of the stock traded hands, compared to its average volume of 9,925. The firm has a market capitalization of $14,017.68, a P/E ratio of 17.89, a PEG ratio of 2.20 and a beta of 1.03. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.39. Adecco Group has a 52 week low of $34.25 and a 52 week high of $41.14.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.43 earnings per share (EPS) for the quarter. Adecco Group had a net margin of 3.00% and a return on equity of 19.35%. sell-side analysts expect that Adecco Group will post 2.86 earnings per share for the current fiscal year.

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Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial sectors under the Adecco brand.

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