Randstad (OTCMKTS:RANJY) Sets New 12-Month High – Time to Buy?

Randstad Holding NV (OTCMKTS:RANJY) shares reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $23.7550 and last traded at $23.75, with a volume of 2,445 shares traded. The stock had previously closed at $22.5813.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Deutsche Bank restated a “hold” rating on shares of Randstad in a research note on Wednesday, September 9th. The Goldman Sachs Group reissued a “neutral” rating on shares of Randstad in a research report on Friday, July 24th. Citigroup restated a “neutral” rating on shares of Randstad in a report on Friday, September 25th. Kepler Capital Markets downgraded shares of Randstad from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Finally, Zacks Research raised shares of Randstad from a “strong sell” rating to a “hold” rating in a report on Friday, October 23rd. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Randstad presently has an average rating of “Reduce”.

Randstad Stock Performance

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41. The stock has a market cap of $8.34 billion, a PE ratio of 21.33 and a beta of 0.92. The business’s 50-day moving average price is $21.25 and its 200-day moving average price is $17.84.

Randstad (OTCMKTS:RANJY) last posted its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.86 billion. Randstad had a return on equity of 12.12% and a net margin of 1.49%. As a group, equities research analysts expect that Randstad Holding NV will post 1.48 earnings per share for the current fiscal year.

Randstad Company Profile

Randstad N.V. is a Netherlands-based human resources and talent services company. It connects job seekers with employers and provides workforce solutions to businesses across a range of industries. Its services include temporary and permanent recruitment, professional staffing, recruitment process outsourcing, managed staffing programs, and talent development and career transition support. Randstad also offers in-house workforce management and other HR services designed to help organizations recruit and manage employees.