Shares of Randstad (OTCMKTS:RANJY – Get Rating) hit a new 52-week low on Friday . The company traded as low as $22.05 and last traded at $22.56, with a volume of 15007 shares traded. The stock had previously closed at $23.28.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on RANJY shares. Morgan Stanley cut their price objective on Randstad from €49.00 ($50.00) to €48.00 ($48.98) in a research report on Thursday, July 28th. JPMorgan Chase & Co. dropped their price target on Randstad from €50.00 ($51.02) to €49.00 ($50.00) and set a “neutral” rating on the stock in a research report on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $52.75.
Randstad Stock Down 3.1 %
The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $8.30 billion, a P/E ratio of 8.10 and a beta of 1.32. The company has a 50-day moving average of $24.17 and a two-hundred day moving average of $26.29.
Randstad Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Friday, September 30th will be issued a $1.2782 dividend. This represents a yield of 9.86%. This is an increase from Randstad’s previous dividend of $0.98. The ex-dividend date is Thursday, September 29th. Randstad’s payout ratio is 37.60%.
Randstad N.V. provides solutions in the field of work and human resources (HR) services. It offers temporary staffing and permanent placement services for the light industrial, office and administrative, manufacturing and logistics, and other specialty areas, as well as payroll services. The company also offers on-site solutions for managing a client's workforce with specific skill sets and a fluctuating level of demand for the fast-moving consumer goods, automotive, life sciences, contact centers, manufacturing, and logistics, as well as the administrative and professional segments.
- Get a free copy of the StockNews.com research report on Randstad (RANJY)
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