Robert Half (NYSE:RHI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Robert Half (NYSE:RHIGet Free Report) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $29.00 to $31.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 10.26% from the stock’s previous close.

RHI has been the topic of several other research reports. The Goldman Sachs Group cut their target price on Robert Half from $31.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, October 23rd. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Truist Financial set a $40.00 price objective on shares of Robert Half in a research report on Friday. BNP Paribas Exane downgraded shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research report on Friday, December 5th. Finally, UBS Group cut their price target on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, October 23rd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $33.00.

View Our Latest Stock Analysis on RHI

Robert Half Stock Performance

Shares of RHI opened at $34.55 on Friday. The stock has a market capitalization of $3.50 billion, a PE ratio of 25.97 and a beta of 0.85. The company’s 50-day simple moving average is $27.81 and its 200-day simple moving average is $31.62. Robert Half has a 1 year low of $25.22 and a 1 year high of $66.25.

Robert Half (NYSE:RHIGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, sell-side analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Institutional Trading of Robert Half

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in shares of Robert Half by 190.5% in the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after purchasing an additional 4,066,328 shares during the period. Capital World Investors increased its stake in Robert Half by 460.5% in the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after buying an additional 3,566,645 shares during the period. Qube Research & Technologies Ltd raised its position in Robert Half by 1,478.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock worth $47,021,000 after buying an additional 1,072,895 shares during the last quarter. Norges Bank acquired a new stake in shares of Robert Half in the 2nd quarter worth $43,804,000. Finally, Pzena Investment Management LLC boosted its holdings in shares of Robert Half by 80.3% in the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock valued at $97,587,000 after acquiring an additional 1,058,569 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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Robert Half Company Profile

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Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

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Analyst Recommendations for Robert Half (NYSE:RHI)

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