Robert Half (NYSE:RHI) Stock Rating Lowered by BNP Paribas

Robert Half (NYSE:RHI) was downgraded by research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat.com reports. They presently have a $45.00 target price on the business services provider’s stock. BNP Paribas’ price objective points to a potential downside of 0.99% from the stock’s previous close.

Several other research firms have also issued reports on RHI. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. The Goldman Sachs Group decreased their price objective on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, April 24th. 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 note on Thursday, April 24th. Barclays decreased their price target on Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a “buy” rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.71.

Robert Half Trading Up 2.2 %

RHI opened at $45.45 on Friday. The stock has a 50-day moving average of $51.03 and a 200 day moving average of $62.96. 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 P/E ratio of 18.63 and a beta of 1.06.

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

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently bought and sold shares of RHI. Pzena Investment Management LLC lifted 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 lifted its position in shares of Robert Half by 23.1% during the first quarter. Tributary Capital Management LLC now owns 16,708 shares of the business services provider’s stock valued at $911,000 after buying an additional 3,133 shares during the last quarter. Dynasty Wealth Management LLC boosted its holdings in shares of Robert Half by 13.5% in the 1st 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 in the last quarter. Victory Capital Management Inc. grew its position in shares of Robert Half by 26.9% in the 1st quarter. Victory Capital Management Inc. now owns 562,450 shares of the business services provider’s stock worth $30,682,000 after buying an additional 119,249 shares during the last quarter. Finally, Signaturefd LLC raised 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 in the last quarter. 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.