Randstad (OTCMKTS:RANJY) Stock Price Down 1.9% - What's Next?

Key Points

• Randstad's stock price decreased by 1.9% to $21.77 with a significant drop in trading volume, down 38% from its average.
• Analysts have recently adjusted their ratings on Randstad, with Morgan Stanley downgrading it to "underweight" while Citigroup upgraded it to "strong-buy", indicating a mixed outlook.
• In its latest earnings report, Randstad reported $0.27 EPS, which missed estimates by $0.08, but revenue exceeded expectations at $6.79 billion compared to the consensus of $5.78 billion.

Randstad Holding NV (OTCMKTS:RANJY - Get Free Report)'s share price was down 1.9% on Friday . The company traded as low as $21.72 and last traded at $21.77. Approximately 4,862 shares changed hands during trading, a decline of 38% from the average daily volume of 7,828 shares. The stock had previously closed at $22.20.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RANJY shares. Morgan Stanley cut Randstad from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, September 10th. Kepler Capital Markets cut Randstad from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Finally, Citigroup upgraded Randstad from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Randstad Price Performance

The firm has a market capitalization of $7.88 billion, a P/E ratio of 90.71 and a beta of 1.03. The business has a fifty day moving average of $22.49 and a 200-day moving average of $21.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.26 and a current ratio of 1.26.

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

About Randstad

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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