Robert Half International (NYSE:RHI) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Robert Half International (NYSE:RHIGet Rating) from a buy rating to a strong-buy rating in a research note released on Thursday morning.

Other equities research analysts also recently issued research reports about the company. Bank of America upgraded Robert Half International from a neutral rating to a buy rating and raised their price target for the company from $123.00 to $133.00 in a research report on Wednesday. CL King boosted their target price on Robert Half International from $128.00 to $132.00 in a research report on Wednesday. Truist Financial upped their target price on Robert Half International from $100.00 to $120.00 in a research note on Friday, January 28th. Finally, Zacks Investment Research downgraded shares of Robert Half International from a buy rating to a hold rating and set a $130.00 price target on the stock. in a research note on Wednesday, March 30th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $128.67.

Shares of NYSE RHI opened at $101.81 on Thursday. The business has a 50-day moving average of $114.01 and a 200-day moving average of $113.44. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.75 and a beta of 1.44. Robert Half International has a 12 month low of $83.46 and a 12 month high of $125.77.

Robert Half International (NYSE:RHIGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The business services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.06. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Robert Half International had a net margin of 9.26% and a return on equity of 46.46%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. As a group, analysts anticipate that Robert Half International will post 6.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, February 25th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 1.69%. This is an increase from Robert Half International’s previous quarterly dividend of $0.38. Robert Half International’s payout ratio is currently 32.15%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Consolidated Planning Corp purchased a new position in shares of Robert Half International in the third quarter worth about $26,000. Covestor Ltd purchased a new position in shares of Robert Half International in the fourth quarter worth about $30,000. UMB Bank N A MO purchased a new position in shares of Robert Half International in the fourth quarter worth about $39,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Robert Half International in the fourth quarter worth about $44,000. Finally, Allworth Financial LP purchased a new position in shares of Robert Half International in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

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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