Kepler Cheuvreux downgrades Randstad stock to Reduce at EUR 37.00

Published on 10/27/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue grew 3.9 percent to EUR 6.12 billion on October 21. Randstad stock costs EUR 40.37 on October 27, 2026 versus EUR 40.27 at Euronext.

Analyst target and earnings

Kepler Cheuvreux downgraded Randstad from Hold to Reduce with a EUR 37.00 target on October 26, 2026.
Q3 2026 revenue rose 3.9 percent organically to EUR 6.12 billion.
Randstad stock cost EUR 40.37 at Lang & Schwarz on October 27, 2026 at 4:39 p.m. CET, versus EUR 40.27 at Euronext on October 26, 2026.
MarketScreener lists February 16, 2027 as the Q4 2026 earnings release date.

Randstad, NL0000379121, Illustration mit AI erstellt.

Randstad N.V. (ISIN NL0000379121) was trading at EUR 40.37 at Lang & Schwarz on October 27, 2026 at 4:39 p.m. CET, while Kepler Cheuvreux downgraded the stock from Hold to Reduce and set a EUR 37.00 price target on October 26, 2026, according to Markets Insider. The target lies 8.35 percent below the Lang & Schwarz price.

Profit growth strengthens the case

Randstad reported EUR 6.12 billion in third-quarter 2026 revenue on October 21, 2026, representing 3.9 percent organic growth from the prior year. Underlying EBITA increased 10.00 percent to EUR 211.00 million, and the underlying EBITA margin reached 3.50 percent.

Randstad said 75 percent of its business was in growth during the third quarter. Reported net income was EUR 110.00 million, compared with EUR 83.00 million a year earlier, while adjusted net income reached EUR 133.00 million.

Stock stays below its yearly high

The Euronext Amsterdam quote was EUR 40.27 at the October 26, 2026 close. The current Lang & Schwarz price is EUR 2.19 below Randstad's 52-week high of EUR 42.18 and EUR 19.07 above its 52-week low of EUR 21.30. The finance profile lists a market capitalization of EUR 7.1 billion, a price-to-earnings ratio of 20.83 and trading volume of 57,806 shares on October 27, 2026.

The price position leaves Kepler Cheuvreux's EUR 37.00 target below the current euro quotation. For investors, the central tension is the contrast between improving profit growth and a target that implies a lower valuation than the latest market price.

Valuation and next reporting date

MarketScreener lists February 16, 2027 as the Q4 2026 earnings release date. The company reported EUR 6.115 billion of revenue in the third quarter and EUR 211.00 million of underlying EBITA, giving investors two measurable reference points for the next update.

Comparison with peers

Randstad: price-to-earnings ratio 20.83, market capitalization EUR 7.1 billion.

Adecco Group (SIX, CHF): down 0.69 percent, price-to-earnings ratio 14.46, market capitalization CHF 4.0 billion.

ManpowerGroup (NYSE, USD): down 0.14 percent, price-to-earnings ratio 18.19, market capitalization USD 2.1 billion.

What the target means for the stock

Kepler Cheuvreux's downgrade puts the EUR 37.00 target below the current quotation, while Randstad's third-quarter results show a 3.9 percent organic revenue increase and 10.00 percent underlying EBITA growth. The next scheduled reporting date is February 16, 2027.

Randstad stock was trading at EUR 40.37 at Lang & Schwarz on October 27, 2026 at 4:39 p.m. CET, versus EUR 40.27 at the Euronext Amsterdam close of October 26, 2026. The further course of trading is shown by the continuously updated real-time quote of Randstad stock.