Robert Half Inc. (NYSE:RHI) Given Average Recommendation of “Hold” by Analysts

Robert Half Inc. (NYSE:RHI) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $45.83.

RHI has been the subject of several analyst reports. BNP Paribas lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Friday, May 2nd. BNP Paribas Exane lowered Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. Wall Street Zen lowered Robert Half from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. The Goldman Sachs Group cut their price target on Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, July 24th.

Robert Half Stock Performance

RHI opened at $35.34 on Friday. The business has a 50 day moving average price of $42.19 and a 200 day moving average price of $50.22. Robert Half has a twelve month low of $35.22 and a twelve month high of $78.41. The firm has a market cap of $3.61 billion, a P/E ratio of 20.19 and a beta of 1.02.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Robert Half had a return on equity of 13.00% and a net margin of 3.20%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company earned $0.66 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, analysts anticipate that Robert Half will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of Robert Half

A number of institutional investors and hedge funds have recently modified their holdings of RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 313 shares during the period. Headlands Technologies LLC bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $26,000. Quarry LP increased its position in shares of Robert Half by 540.8% during the first quarter. Quarry LP now owns 487 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 411 shares during the period. CX Institutional bought a new stake in shares of Robert Half during the first quarter valued at approximately $33,000. Finally, GeoWealth Management LLC bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $35,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.