The EUR 40.55 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.
EV/Sales ratio is low and stand at 0.46x for this year. Moreover, analyst are reviewing their forecast for future EPS on the stock in a good way. For one year, the EPS has been revised upward by +20% for 2014 and by +15% for 2015.
The security follows a downward trend in the short term, under the EUR 45.9 resistance area. This movement has been stopped by an important support (EUR 40.5) and a trend line. These two technical arguments reinforce our bullish potential in order to aim for EUR 45.9, thanks to a "V-bottom" pattern.
Therefore, the proximity of the EUR 40.55 support is an opportunity to take a long position in the stock. The first goal is a return in the EUR 45.9 resistance area, that is a potential of 7.9%. In fact, the security has to cross this area in order to re-establish a bullish trend in a long term horizon. A stop loss order can be placed under the support currently tested.
Randstad N.V. is the world's No. 1 of human resources services. Net sales break down by activity as follows:
- generalist staff placement outside the classic sectors (45.4%): primarily administrative, light industry, logistics staff, etc.;
- generalist staff placement from onsite agencies (25.3%): primarily for clients in the consumer goods, automotive, life sciences and other industries;
- specialized staff placement (23.8%): primarily high-level and experienced professionals in the fields of IT, engineering, business, health, etc. In addition, the group offers services for the permanent staff of its clients (outplacement services, reintegration and salary management);
- other (5.5%).
At the end of 2023, the group had 2,761 branches worldwide.
Net sales are distributed geographically as follows: the Netherlands (12.7%), the United States (18.8%), France (15.1%), Italy (8.5%), Germany (7.4%), Belgium (6%), Spain (5%), Australia (4.6%), the United Kingdom (4.3%), Japan (3.2%), Canada (2.3%), Switzerland (1.9%), India (1.5%), Portugal (1.3%), Poland (1.2%), Sweden (1.2%) and other (5%).
RANDSTAD N.V. 
