Robert Half International Inc. (NYSE:RHI) was downgraded by Credit Suisse Group AG to a “sell” rating in a research note issued on Monday. They presently have a $33.00 price target on the stock. Credit Suisse Group AG’s price objective indicates a potential downside of 12.84% from the company’s previous close.

A number of other brokerages also recently issued reports on RHI. BMO Capital Markets downgraded shares of Robert Half International from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $45.00 to $36.00 in a report on Wednesday, July 27th. Bank of America Corp. downgraded shares of Robert Half International from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Wednesday, July 13th. Northcoast Research downgraded shares of Robert Half International from a “neutral” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Macquarie started coverage on shares of Robert Half International in a report on Thursday, August 25th. They set a “neutral” rating and a $43.00 price target on the stock. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $45.53.

Analyst Recommendations for Robert Half International (NYSE:RHI)

Shares of Robert Half International (NYSE:RHI) opened at 37.86 on Monday. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 13.56 and a beta of 1.26. Robert Half International has a 12-month low of $34.34 and a 12-month high of $54.01. The company’s 50-day moving average is $37.88 and its 200-day moving average is $39.88.

Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.02. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. Robert Half International had a net margin of 6.94% and a return on equity of 35.42%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. Equities research analysts predict that Robert Half International will post $2.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Tuesday, August 23rd. Robert Half International’s payout ratio is currently 31.54%.

In other news, insider Robert W. Glass sold 30,061 shares of Robert Half International stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $36.93, for a total transaction of $1,110,152.73. Following the sale, the insider now owns 340,972 shares in the company, valued at $12,592,095.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new stake in Robert Half International during the second quarter valued at about $37,277,000. Acadian Asset Management LLC boosted its stake in Robert Half International by 495.9% in the second quarter. Acadian Asset Management LLC now owns 20,743 shares of the company’s stock valued at $793,000 after buying an additional 17,262 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Robert Half International by 45.7% in the first quarter. Renaissance Technologies LLC now owns 1,049,000 shares of the company’s stock valued at $48,862,000 after buying an additional 328,800 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in Robert Half International by 6.5% in the first quarter. AMP Capital Investors Ltd now owns 146,865 shares of the company’s stock valued at $6,734,000 after buying an additional 8,922 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Robert Half International by 14.8% in the second quarter. Retirement Systems of Alabama now owns 392,024 shares of the company’s stock valued at $14,960,000 after buying an additional 50,550 shares during the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.

5 Day Chart for NYSE:RHI

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