Randstad (OTCMKTS:RANJY) Rating Lowered to Strong Sell at Zacks Research

Key Points

• Zacks Research downgraded Randstad from “hold” to “strong sell,” while the broader analyst consensus remains “Reduce,” with five hold ratings and two sell ratings.
• Randstad shares opened at $23.10, near their 12-month high of $23.63, with a market capitalization of approximately $8.13 billion and a P/E ratio of 22.41.
• The company slightly exceeded quarterly expectations, reporting $0.36 in EPS versus $0.35 expected and revenue of $6.73 billion compared with the $6.60 billion consensus estimate.

Randstad (OTCMKTS:RANJY - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Randstad in a research report on Thursday, July 23rd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Randstad in a report on Thursday, July 23rd. The Goldman Sachs Group restated a "neutral" rating on shares of Randstad in a research note on Friday, July 24th. Finally, Citigroup lowered shares of Randstad from a "buy" rating to a "neutral" rating in a report on Thursday, April 30th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce".

Randstad Stock Down 0.0%

Shares of RANJY opened at $23.10 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $19.36 and a two-hundred day moving average price of $16.46. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 22.41 and a beta of 0.94. Randstad has a 12 month low of $12.46 and a 12 month high of $23.63.

Randstad (OTCMKTS:RANJY - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Randstad had a return on equity of 11.76% and a net margin of 1.39%.The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.60 billion. Equities analysts predict that Randstad will post 1.51 EPS for the current fiscal year.

Randstad Company Profile

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.

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