Barclays Issues Pessimistic Forecast for Robert Half (NYSE:RHI) Stock Price

Robert Half (NYSE:RHI) had its price objective cut by Barclays from $36.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price target points to a potential upside of 0.60% from the company’s previous close.

RHI has been the subject of a number of other research reports. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. BNP Paribas Exane cut shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Friday, December 5th. JPMorgan Chase & Co. upped their price target on shares of Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Truist Financial increased their price target on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, BMO Capital Markets dropped their price objective on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $31.75.

Robert Half Stock Performance

Shares of RHI stock opened at $24.85 on Friday. The stock’s 50-day moving average is $27.44 and its two-hundred day moving average is $29.69. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 18.68 and a beta of 0.90. Robert Half has a 1 year low of $22.32 and a 1 year high of $56.28.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, beating 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 return on equity of 10.26% and a net margin of 2.47%.The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. As a group, research analysts predict that Robert Half will post 2.48 EPS for the current year.

Hedge Funds Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Robert Half in the 2nd quarter worth $34,000. True Wealth Design LLC raised its holdings in Robert Half by 393.8% during the second quarter. True Wealth Design LLC now owns 963 shares of the business services provider’s stock worth $40,000 after purchasing an additional 768 shares in the last quarter. Gilpin Wealth Management LLC purchased a new position in Robert Half during the fourth quarter worth about $27,000. Larson Financial Group LLC lifted its position in Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares during the period. Finally, Danske Bank A S purchased a new stake in Robert Half in the 3rd quarter valued at approximately $37,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

About Robert Half

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.