Robert Half International Inc. (NYSE:RHI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

According to Zacks, “Shares of Robert Half have underperformed the industry on a year-to-date basis. The company’s revenues missed the Zacks Consensus Estimate in four out of the trailing five quarters. Its performance has been challenged with soft results from the Protiviti segment as well as weak domestic hiring activity in its Global Staffing Division. Despite a stronger job market, the hiring cycle remains long as employers take more time to make hiring decisions, which is negatively affecting the company’s profits. Shrinking margins at Protiviti owing to fewer high-margin clients, also poses as a hurdle. Nevertheless, Robert Half has been steadily investing in its technology to ensure future growth. It has also been trying to improve the performance of Protiviti through acquisitions and business agreements. The company also expects significant growth in the hiring activity for temporary and consulting professionals.”

Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Robert Half International from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research report on Friday, October 13th. BMO Capital Markets reiterated a “hold” rating and issued a $49.00 price objective on shares of Robert Half International in a research report on Friday, October 13th. SunTrust Banks, Inc. downgraded shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research report on Wednesday, October 11th. Finally, BidaskClub downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.00.

Shares of Robert Half International (NYSE RHI) opened at 51.65 on Friday. Robert Half International has a 52 week low of $34.42 and a 52 week high of $51.87. The firm has a 50-day moving average price of $48.56 and a 200-day moving average price of $46.90. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 20.02 and a beta of 1.27.

Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. On average, equities analysts anticipate that Robert Half International will post $2.62 earnings per share for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Investment Counselors of Maryland LLC raised its position in shares of Robert Half International by 0.5% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 4,715 shares of the business services provider’s stock worth $226,000 after purchasing an additional 24 shares during the last quarter. Financial Counselors Inc. raised its position in shares of Robert Half International by 0.4% during the 2nd quarter. Financial Counselors Inc. now owns 8,449 shares of the business services provider’s stock worth $405,000 after purchasing an additional 35 shares during the last quarter. Gateway Investment Advisers LLC raised its position in shares of Robert Half International by 0.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 8,352 shares of the business services provider’s stock worth $400,000 after purchasing an additional 38 shares during the last quarter. Contravisory Investment Management Inc. raised its position in shares of Robert Half International by 0.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,469 shares of the business services provider’s stock worth $262,000 after purchasing an additional 39 shares during the last quarter. Finally, Empirical Finance LLC raised its position in shares of Robert Half International by 0.3% during the 2nd quarter. Empirical Finance LLC now owns 22,115 shares of the business services provider’s stock worth $1,060,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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