Robert Half International Inc. (RHI) Lowered to Sector Perform at Royal Bank Of Canada
Royal Bank Of Canada cut shares of Robert Half International Inc. (NYSE:RHI) from an outperform rating to a sector perform rating in a research note issued to investors on Monday. They currently have $46.00 price target on the stock, up from their previous price target of $41.00.
A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Robert Half International from a buy rating to a sell rating in a research report on Friday, October 28th. William Blair lowered Robert Half International from an outperform rating to a market perform rating in a research report on Thursday, October 27th. Deutsche Bank AG set a $44.00 price target on Robert Half International and gave the company a buy rating in a research report on Tuesday, October 18th. Credit Suisse Group AG lowered Robert Half International from a neutral rating to an underperform rating and lowered their price target for the company from $37.00 to $33.00 in a research report on Monday, October 3rd. Finally, Northcoast Research lowered Robert Half International from a neutral rating to a sell rating in a research report on Thursday, September 29th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $45.40.
Shares of Robert Half International (NYSE:RHI) opened at 44.47 on Monday. The stock has a 50 day moving average of $40.20 and a 200-day moving average of $38.95. The company has a market cap of $5.67 billion, a PE ratio of 16.05 and a beta of 1.05. Robert Half International has a 12 month low of $34.34 and a 12 month high of $52.22.
Robert Half International (NYSE:RHI) last issued its earnings results on Wednesday, October 26th. The company reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. Robert Half International had a return on equity of 34.09% and a net margin of 6.79%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business earned $0.73 EPS. Robert Half International’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that Robert Half International will post $2.70 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.88 annualized dividend and a yield of 1.98%. Robert Half International’s dividend payout ratio is currently 31.77%.
Hedge funds and other institutional investors have recently modified their holdings of the company. MAI Capital Management increased its position in shares of Robert Half International by 4.0% in the second quarter. MAI Capital Management now owns 14,365 shares of the company’s stock valued at $548,000 after buying an additional 550 shares in the last quarter. Gradient Investments LLC bought a new position in shares of Robert Half International during the second quarter valued at approximately $4,087,000. Denali Advisors LLC increased its position in shares of Robert Half International by 80.6% in the second quarter. Denali Advisors LLC now owns 43,700 shares of the company’s stock valued at $1,668,000 after buying an additional 19,500 shares in the last quarter. Grassi Investment Management increased its position in shares of Robert Half International by 7.7% in the second quarter. Grassi Investment Management now owns 70,000 shares of the company’s stock valued at $2,671,000 after buying an additional 5,000 shares in the last quarter. Finally, Creative Planning increased its position in shares of Robert Half International by 1.2% in the second quarter. Creative Planning now owns 2,686 shares of the company’s stock valued at $102,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.
Robert Half International Company Profile
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.
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