Randstad (OTCMKTS:RANJY) Shares Gap Down - Here's Why

Key Points

• Randstad Holding NV's stock price **gapped down** from $22.20 to $21.34 at market opening, reflecting a **2.7% decline**.
• Analysts have mixed opinions on the stock, with **Citigroup upgrading** it to a "strong-buy" while **Morgan Stanley downgraded** it to "underweight", resulting in an average rating of **"Moderate Buy"**.
• In its latest quarterly report, Randstad missed EPS expectations with **$0.27** reported versus the estimated **$0.35**, though it exceeded revenue expectations with **$6.79 billion** in sales.

Randstad Holding NV (OTCMKTS:RANJY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $22.20, but opened at $21.34. Randstad shares last traded at $21.34, with a volume of 118 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on RANJY. Citigroup raised shares of Randstad from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 29th. Morgan Stanley downgraded Randstad from an "equal weight" rating to an "underweight" rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Randstad Stock Up 0.7%

The firm has a market cap of $7.81 billion, a PE ratio of 90.00 and a beta of 1.03. 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 company's 50-day simple moving average is $23.75 and its two-hundred day simple moving average is $22.01.

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