Sodexo (OTCMKTS:SDXAY) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports.
Several other research firms have also recently issued reports on SDXAY. ValuEngine raised Sodexo from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. BNP Paribas initiated coverage on Sodexo in a research note on Friday, September 28th. They set an “underperform” rating on the stock. JPMorgan Chase & Co. cut Sodexo from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 15th. Finally, Zacks Investment Research raised Sodexo from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.00.
Shares of SDXAY traded down $0.06 during mid-day trading on Friday, hitting $20.71. 16,012 shares of the company’s stock traded hands, compared to its average volume of 8,805. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.89 and a current ratio of 0.92. Sodexo has a 1 year low of $18.95 and a 1 year high of $27.22. The stock has a market capitalization of $15.27 billion, a PE ratio of 3.73 and a beta of 0.67.
Sodexo SA develops, manages, and delivers on-site, benefits and rewards, and personal and home services worldwide. It offers various on-site services, including construction, reception, medical equipment sterilization, cleaning, food, event management, and prisoner rehabilitation services to corporate, government, healthcare, senior, university, school, energy and resources, and sports and leisure customers.
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