Robert Half (NYSE:RHI) Stock Rating Upgraded by Zacks Research

Robert Half (NYSE:RHI) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

RHI has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. BMO Capital Markets restated a “market perform” rating and set a $35.00 target price on shares of Robert Half in a research note on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Barclays cut their price target on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Finally, Robert W. Baird set a $50.00 price objective on shares of Robert Half in a research note on Friday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Robert Half currently has an average rating of “Reduce” and a consensus target price of $33.50.

Robert Half Trading Down 8.1%

Shares of NYSE:RHI opened at $31.27 on Monday. Robert Half has a 52 week low of $25.22 and a 52 week high of $63.73. The company’s 50 day moving average is $28.02 and its two-hundred day moving average is $31.42. The company has a market cap of $3.16 billion, a PE ratio of 23.51 and a beta of 0.88.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. As a group, equities research analysts expect that Robert Half will post 2.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RHI. Ethic Inc. purchased a new stake in shares of Robert Half in the fourth quarter valued at about $630,000. Crestwood Advisors Group LLC purchased a new position in shares of Robert Half during the fourth quarter worth about $275,000. Sequoia Financial Advisors LLC increased its position in Robert Half by 144.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 27,129 shares of the business services provider’s stock valued at $737,000 after acquiring an additional 16,024 shares during the period. Fifth Third Bancorp increased its position in Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 664 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in Robert Half by 38.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 82,135 shares of the business services provider’s stock valued at $2,231,000 after acquiring an additional 22,984 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Company Profile

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.