Randstad (OTCMKTS:RANJY) Shares Gap Up – Here’s Why

Randstad Holding NV (OTCMKTS:RANJY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $19.38, but opened at $23.37. Randstad shares last traded at $23.48, with a volume of 1,237 shares traded.

Analyst Ratings Changes

RANJY has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Randstad in a research report on Thursday. Zacks Research lowered shares of Randstad from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. The Goldman Sachs Group restated a “neutral” rating on shares of Randstad in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Randstad in a report on Wednesday, September 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Randstad in a report on Friday, September 25th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Randstad presently has an average rating of “Reduce”.

Randstad Stock Down 1.4%

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50 day moving average price of $21.28 and a 200 day moving average price of $18.07. The firm has a market capitalization of $8.00 billion, a P/E ratio of 14.98 and a beta of 0.96.

Randstad (OTCMKTS:RANJY) last posted its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. Randstad had a return on equity of 12.12% and a net margin of 1.49%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.86 billion. On average, analysts predict that Randstad Holding NV will post 1.51 earnings per share for the current year.

About Randstad

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.