Adecco Group (OTCMKTS:AHEXY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Adecco Group (OTCMKTS:AHEXY) from a hold rating to a sell rating in a research report released on Monday, Zacks.com reports.

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. “

AHEXY has been the topic of several other research reports. Barclays reiterated an overweight rating on shares of Adecco Group in a research report on Monday, January 11th. UBS Group reiterated a sell rating on shares of Adecco Group in a research report on Wednesday, April 14th. Royal Bank of Canada reissued an outperform rating on shares of Adecco Group in a report on Friday, February 26th. Jefferies Financial Group lowered shares of Adecco Group from a hold rating to an underperform rating in a report on Thursday, January 28th. Finally, HSBC lowered shares of Adecco Group from a buy rating to a hold rating in a report on Tuesday, March 16th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Adecco Group has a consensus rating of Hold and an average target price of $29.00.

OTCMKTS AHEXY opened at $32.52 on Monday. Adecco Group has a 12 month low of $19.25 and a 12 month high of $35.92. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 542.00 and a beta of 1.43. The company’s 50 day moving average is $34.57 and its two-hundred day moving average is $32.02. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58.

Adecco Group (OTCMKTS:AHEXY) last released its earnings results on Thursday, February 25th. The business services provider reported $0.55 EPS for the quarter. The company had revenue of $6.45 billion for the quarter. Adecco Group had a net margin of 0.09% and a return on equity of 0.50%. Sell-side analysts forecast that Adecco Group will post 1.53 EPS for the current year.

The business also recently announced an annual dividend, which was paid on Friday, April 30th. Stockholders of record on Thursday, April 15th were paid a dividend of $0.824 per share. This is a positive change from Adecco Group’s previous annual dividend of $0.79. This represents a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, April 14th. Adecco Group’s payout ratio is currently 33.20%.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services worldwide. It provides temporary staffing, permanent placement, and other services. The company offers workplace solutions for candidates in skilled and unskilled roles across industrial and service sectors under the Adecco brand names, as well as recruitment on demand and online staffing platform for hospitality and events under the Adia brand name.

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