Randstad (OTCMKTS:RANJY) Reaches New 1-Year High – What’s Next?

Shares of Randstad Holding NV (OTCMKTS:RANJY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.45 and last traded at $23.45, with a volume of 551 shares changing hands. The stock had previously closed at $23.42.

Analysts Set New Price Targets

RANJY has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “neutral” rating on shares of Randstad in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Randstad in a report on Thursday, July 23rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Randstad in a report on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Randstad from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Randstad has a consensus rating of “Reduce”.

Randstad Price Performance

The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 22.48 and a beta of 0.94. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average of $19.68 and a 200-day moving average of $16.53.

Randstad (OTCMKTS:RANJY) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Randstad had a net margin of 1.39% and a return on equity of 11.76%. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.60 billion. On average, equities research analysts predict that Randstad Holding NV will post 1.51 EPS for the current fiscal year.

About Randstad

Randstad N.V. (OTCMKTS:RANJY) is a leading global provider of human resource services and workforce solutions. Headquartered in Diemen, Netherlands, the company specializes in connecting organizations with both temporary and permanent talent across a wide range of industries, including administrative, industrial, finance, engineering, healthcare and IT sectors.

The company’s service offering encompasses staffing and recruitment, inhouse services, professional and executive search, and managed services such as recruitment process outsourcing (RPO) and workforce management.