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.

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 %

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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