Randstad (OTCMKTS:RANJY) Reaches New 12-Month High – Time to Buy?

Randstad Holding NV (OTCMKTS:RANJY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $23.45 and last traded at $23.45, with a volume of 551 shares traded. The stock had previously closed at $23.42.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RANJY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Randstad in a report on Thursday, July 23rd. The Goldman Sachs Group reissued a “neutral” rating on shares of Randstad in a research report on Friday, July 24th. Zacks Research lowered shares of Randstad from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Randstad in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Randstad Trading Down 1.0%

The company has a fifty day moving average of $19.68 and a two-hundred day moving average of $16.53. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 22.48 and a beta of 0.94.

Randstad (OTCMKTS:RANJY) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Randstad had a net margin of 1.39% and a return on equity of 11.76%. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.60 billion. On average, research analysts expect that Randstad Holding NV will post 1.51 EPS for the current 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.