Randstad (OTCMKTS:RANJY) Shares Gap Down – What’s Next?

Randstad Holding NV (OTCMKTS:RANJY) gapped down prior to trading on Friday . The stock had previously closed at $22.16, but opened at $20.77. Randstad shares last traded at $20.67, with a volume of 253 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RANJY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Randstad in a research note on Thursday, July 23rd. Citigroup lowered shares of Randstad from a “buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Royal Bank Of Canada restated a “sector perform” rating on shares of Randstad in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Randstad in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Randstad Stock Performance

The stock has a market capitalization of $7.36 billion, a P/E ratio of 20.28 and a beta of 0.98. The stock has a 50 day moving average of $16.56 and a 200 day moving average of $15.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

Randstad (OTCMKTS:RANJY) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Randstad had a return on equity of 11.78% and a net margin of 1.39%.The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Equities analysts predict that Randstad Holding NV will post 1.8 EPS for the current 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.