Randstad: A Value Caution in a Shifting LandscapeRandstad NV (AEX: RAND) currently trades around €41.55 with a market cap of approximately €7.62 billion. While many investors may be drawn to its strong dividend history and solid reputation in staffing, a closer look at the fundamentals and macroeconomic outlook suggests that the market may be over
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0.24 USD
133.05 M USD
26.09 B USD
About Randstad NV
Sector
Industry
CEO
Alexander M. van't Noordende
Website
Headquarters
Diemen
Founded
1960
ISIN
US75279Q1085
FIGI
BBG000BZP662
Randstad NV engages in the provision of solutions in the fields of flexible work and human resources services. It operates through the following segments: North America, Northern Europe, Southern Europe, UK and Latin America, and Asia Pacific. The company was founded by Frits Goldschmeding in 1960 and is headquartered in Diemen, the Netherlands.
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Randstad completes test trendlineRandstad has succesfully tested the trendline from the tops in 2015 and 2017. The trendline acted as resistance at first, but became a support during the recent correction. Today, the earnings report is positively received by the market, so this provides a good entry for long positions.
Update Forecast Randstad: limited move up to 54.85Price first dropped on monday. Still expect a limited move up before the drop.
Forecast Randstad for the coming weeks remains:
limited move up to 54.85, then move down to 52.00. Move down should be completed in the around Februar 9.
This update is a follow up on this chart:
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