Robert Half Inc. (NYSE:RHI) Receives Average Recommendation of “Reduce” from Brokerages

Robert Half Inc. (NYSE:RHI) has been given an average recommendation of “Reduce” by the nine research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $33.50.

Several equities analysts have commented on RHI shares. BMO Capital Markets reissued a “market perform” rating and set a $35.00 target price on shares of Robert Half in a research note on Monday, February 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Robert W. Baird set a $50.00 target price on Robert Half in a research report on Friday, January 30th. Finally, BNP Paribas Exane downgraded Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research note on Friday, December 5th.

Hedge Funds Weigh In On Robert Half

Several hedge funds have recently made changes to their positions in RHI. Evergreen Capital Management LLC purchased a new stake in shares of Robert Half in the third quarter worth approximately $1,204,000. Frank Rimerman Advisors LLC purchased a new position in Robert Half during the third quarter valued at approximately $1,860,000. Allianz Asset Management GmbH increased its stake in Robert Half by 46.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 530,056 shares of the business services provider’s stock valued at $18,011,000 after buying an additional 168,150 shares during the period. Russell Investments Group Ltd. lifted its position in Robert Half by 25.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 404,024 shares of the business services provider’s stock worth $16,585,000 after buying an additional 82,645 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its position in Robert Half by 531.4% in the 2nd quarter. Quadrature Capital Ltd now owns 28,371 shares of the business services provider’s stock worth $1,165,000 after buying an additional 23,878 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of Robert Half stock opened at $29.40 on Wednesday. The business’s fifty day moving average price is $28.38 and its two-hundred day moving average price is $31.05. The company has a market capitalization of $2.97 billion, a P/E ratio of 22.11 and a beta of 0.88. Robert Half has a 1-year low of $25.22 and a 1-year high of $61.16.

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

Robert Half Company Profile

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.