Randstad (OTCMKTS:RANJY) sees a surge in short-term interest

Randstad (OTCMKTS:RANJY – Get Rating) was the target of a significant increase in short-term interest in May. As of May 15, there was short interest totaling 16,400 shares, an increase of 613.0% from the April 30 total of 2,300 shares. Based on an average daily volume of 57,700 shares, the short interest ratio is currently 0.3 days.

RANJY traded down $0.02 during Wednesday’s trading, hitting $27.04. The company had a trading volume of 13,727 shares, compared to an average volume of 19,803. The company has a leverage ratio of 0.14, a current ratio of 1.33 and a quick ratio of 1.33. Randstad has a 1-year low of $25.14 and a 1-year high of $40.44. The company has a 50-day moving average of $28.29 and a 200-day moving average of $31.82. The company has a market capitalization of $9.95 billion, a PE ratio of 10.47 and a beta of 1.34.

The company also recently announced a dividend, which was paid on Tuesday, April 19. Shareholders of record on Friday, April 1 received a dividend of $0.9849 per share. The ex-dividend date was Thursday, March 31. This represents a return of 5.33%. Randstad’s payout ratio is 37.60%.

RANJY has been the subject of a number of recent research reports. Credit Suisse Group raised its price target on Randstad shares from €64.00 ($68.09) to €69.00 ($73.40) and gave the stock an “outperform” rating in a Thursday, February 17, research report. Deutsche Bank Aktiengesellschaft reduced Randstad’s shares from a “buy” rating to a “hold” rating in a Wednesday, April 13 research report. Kepler Capital Markets downgraded Randstad’s shares from a “hold” rating to a “reduce” rating and set a price target of €45.00 ($47.87) for the stock. in a report on Thursday, April 7. JPMorgan Chase & Co. upgraded Randstad’s shares from an “underweight” rating to a “neutral” rating in a Wednesday, April 20 report. Finally, HSBC upgraded Randstad’s shares from a “hold” rating to a “buy” rating in a Wednesday, April 6 report. Two investment analysts have assigned the stock a sell rating, five have assigned a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat.com, Randstad currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Randstad Company Profile (Get an assessment)

Randstad NV provides solutions in the field of labor services and human resources (HR). It offers temporary placement and permanent placement services for light industry, office and administration, manufacturing and logistics and other specialized fields, as well as payroll services. The company also offers on-site solutions to manage a customer’s workforce with specific skills and fluctuating level of demand for fast-moving consumer goods, automotive, life sciences, contact centers, manufacturing and logistics, as well as administrative tasks and professional segments.

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About Yvonne Lozier

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