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

Key Points

• Randstad was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, indicating a significant shift in analyst sentiment towards the company's stock.
• Other analysts have mixed opinions, with Citigroup upgrading Randstad to a "strong-buy" while Morgan Stanley and Kepler Capital Markets issued downgrades.
• Despite a notable revenue of $6.79 billion in its last quarterly earnings, Randstad reported earnings per share of $0.27, which fell short of estimates.

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

A number of other research firms have also recently commented on RANJY. Citigroup upgraded Randstad from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 29th. Morgan Stanley lowered Randstad from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, September 10th. Finally, Kepler Capital Markets lowered Randstad from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Randstad currently has an average rating of "Hold".

Randstad Trading Down 1.0%

OTCMKTS RANJY opened at $21.67 on Monday. Randstad has a fifty-two week low of $17.14 and a fifty-two week high of $25.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day simple moving average of $22.43 and a two-hundred day simple moving average of $21.86. The stock has a market cap of $7.84 billion, a P/E ratio of 90.30 and a beta of 1.03.

Randstad (OTCMKTS:RANJY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). The business had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $5.78 billion. Randstad had a return on equity of 8.81% and a net margin of 0.37%. On average, analysts forecast that Randstad will post 1.63 earnings per share for the current year.

Randstad Company Profile

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.

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