Randstad (OTCMKTS:RANJY) Hits New 52-Week High – Here’s Why

Shares of Randstad Holding NV (OTCMKTS:RANJY) hit a new 52-week high on Thursday. The company traded as high as $23.51 and last traded at $23.07, with a volume of 8,760 shares trading hands. The stock had previously closed at $19.2920.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RANJY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Randstad in a research note on Thursday, July 23rd. Zacks Research lowered Randstad from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Randstad in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Randstad in a report on Wednesday, September 9th. Finally, Citigroup reissued a “neutral” rating on shares of Randstad in a research report on Friday, September 25th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Randstad currently has a consensus rating of “Reduce”.

Randstad Stock Up 19.6%

The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 12.78 and a beta of 0.96. The business’s 50-day moving average is $21.27 and its 200-day moving average is $18.00. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.41.

Randstad (OTCMKTS:RANJY) last posted its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Randstad had a net margin of 1.39% and a return on equity of 11.76%. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.86 billion. As a group, equities analysts predict that Randstad Holding NV will post 1.51 earnings per share for the current year.

Randstad Company Profile

Randstad N.V. is a Netherlands-based human resources services company that connects employers with temporary, permanent and project-based workers. Its services cover recruitment, staffing, workforce management and talent development across a range of industries and professional fields.

The company provides temporary staffing, permanent placement, in-house staffing and recruitment process outsourcing services. It also offers specialized support for professionals and executive search, as well as career transition, outplacement and other workforce-related solutions.