Robert Half International Inc. (NYSE:RHI) Receives $112.00 Average Target Price from Brokerages

Robert Half International Inc. (NYSE:RHIGet Rating) has earned an average recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $112.00.

Several research firms have weighed in on RHI. StockNews.com began coverage on Robert Half International in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research cut Robert Half International from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research report on Wednesday, March 30th. Truist Financial boosted their price objective on Robert Half International from $100.00 to $120.00 in a research report on Friday, January 28th. Finally, Bank of America began coverage on Robert Half International in a research report on Friday, March 11th. They issued a “neutral” rating on the stock.

Several hedge funds and other institutional investors have recently modified their holdings of RHI. Consolidated Planning Corp bought a new stake in shares of Robert Half International during the 3rd quarter valued at $26,000. TCI Wealth Advisors Inc. raised its stake in shares of Robert Half International by 180.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 280 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 180 shares during the period. Covestor Ltd bought a new stake in shares of Robert Half International during the 4th quarter valued at $30,000. UMB Bank N A MO bought a new stake in shares of Robert Half International during the 4th quarter valued at $39,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Robert Half International during the 4th quarter valued at $44,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:RHI traded up $0.46 during mid-day trading on Friday, hitting $111.47. 8,945 shares of the company traded hands, compared to its average volume of 966,339. The stock has a market cap of $12.34 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.64 and a beta of 1.44. Robert Half International has a 12-month low of $80.94 and a 12-month high of $125.77. The stock has a 50-day moving average price of $116.74 and a two-hundred day moving average price of $113.05.

Robert Half International (NYSE:RHIGet Rating) last announced its earnings results on Thursday, January 27th. The business services provider reported $1.51 earnings per share (EPS) for the quarter. Robert Half International had a return on equity of 46.46% and a net margin of 9.26%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Robert Half International’s quarterly revenue was up 35.7% on a year-over-year basis. As a group, research analysts forecast that Robert Half International will post 6.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, February 25th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, February 24th. This is a boost from Robert Half International’s previous quarterly dividend of $0.38. Robert Half International’s dividend payout ratio is currently 32.15%.

Robert Half International Company Profile (Get Rating)

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary services for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.

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