Zacks Research Downgrades Randstad (OTCMKTS:RANJY) to Strong Sell

Randstad (OTCMKTS:RANJY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Citigroup lowered Randstad from a “buy” rating to a “neutral” rating in a research report on Thursday, April 30th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Randstad in a report on Friday, July 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Randstad in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Randstad in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Randstad Trading Down 0.0%

Randstad stock opened at $23.10 on Wednesday. The company’s fifty day simple moving average is $19.36 and its 200-day simple moving average is $16.46. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.41. Randstad has a 12 month low of $12.46 and a 12 month high of $23.63. The stock has a market cap of $8.13 billion, a P/E ratio of 22.41 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, topping 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 business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.60 billion. As a group, sell-side analysts forecast that Randstad will post 1.51 EPS for the current fiscal year.

About Randstad

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.