Robert Half (NYSE:RHI) Rating Lowered to “Neutral” at BNP Paribas Exane

Robert Half (NYSE:RHI) was downgraded by equities researchers at BNP Paribas Exane from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. They presently have a $45.00 target price on the business services provider’s stock. BNP Paribas Exane’s price target indicates a potential downside of 0.99% from the company’s previous close.

RHI has been the subject of several other research reports. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a “buy” rating in a research report on Thursday, April 24th. Barclays lowered their target price on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, April 24th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their target price on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.71.

Robert Half Stock Up 2.2 %

Shares of NYSE RHI opened at $45.45 on Friday. Robert Half has a 12-month low of $40.00 and a 12-month high of $78.41. The firm has a market cap of $4.64 billion, a PE ratio of 18.63 and a beta of 1.06. The company’s fifty day simple moving average is $51.03 and its 200 day simple moving average is $62.96.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Institutional Trading of Robert Half

Several hedge funds have recently added to or reduced their stakes in RHI. Pzena Investment Management LLC increased its stake in shares of Robert Half by 29.2% during the 1st quarter. Pzena Investment Management LLC now owns 1,318,708 shares of the business services provider’s stock worth $71,936,000 after purchasing an additional 298,368 shares during the last quarter. Tributary Capital Management LLC increased its position in Robert Half by 23.1% in the first quarter. Tributary Capital Management LLC now owns 16,708 shares of the business services provider’s stock worth $911,000 after buying an additional 3,133 shares during the last quarter. Dynasty Wealth Management LLC raised its stake in shares of Robert Half by 13.5% in the first quarter. Dynasty Wealth Management LLC now owns 9,799 shares of the business services provider’s stock valued at $535,000 after buying an additional 1,163 shares during the period. Victory Capital Management Inc. lifted its position in shares of Robert Half by 26.9% during the 1st quarter. Victory Capital Management Inc. now owns 562,450 shares of the business services provider’s stock valued at $30,682,000 after buying an additional 119,249 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Robert Half by 286.5% during the 1st quarter. Signaturefd LLC now owns 1,685 shares of the business services provider’s stock worth $92,000 after acquiring an additional 1,249 shares during the period. Institutional investors own 92.41% of the company’s stock.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.