Robert Half International Receives “Neutral” Rating from Zacks (RHI)
Robert Half International (NYSE:RHI)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Tuesday, American Banking News.com reports. They currently have a $41.00 price target on the stock. Zacks‘ price objective would suggest a potential upside of 3.46% from the stock’s previous close.
Zacks‘ analyst wrote, “Robert Half’s fourth quarter earnings and sales were in-line with the Zacks Consensus Estimate. Earnings of $0.49 per share exceeded the prior-year earnings by 16.7% driven by top line growth and margin expansion. Revenues increased 4.8% from the prior-year driven by solid demand for skilled professionals in the U.S. Improved demand in permanent placement and information technology staffing benefited revenues. The growing demand for consulting services also helped improve Protiviti operations, which in turn boosted earnings. The company is cash rich and rewards its shareholders through dividends and buybacks. However, the company remains concerned about the weak performance in international markets, and soft demand for recruitment services, particularly in Europe and currency headwinds. We thus remain Neutral on the stock.”
Robert Half International (NYSE:RHI) traded up 1.17% during mid-day trading on Tuesday, hitting $39.63. 2,638,876 shares of the company’s stock traded hands. Robert Half International has a 1-year low of $30.64 and a 1-year high of $43.06. The stock’s 50-day moving average is $41.30 and its 200-day moving average is $39.04. The company has a market cap of $5.359 billion and a price-to-earnings ratio of 21.40.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Analysts expect that Robert Half International will post $2.09 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Robert Half International in a research note to investors on Friday. They now have a $46.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Robert Half International from $40.00 to $44.00 in a research note to investors on Wednesday, January 29th. They now have an “equal weight” rating on the stock. Finally, analysts at Northcoast Research upgraded shares of Robert Half International from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 27th. They now have a $48.00 price target on the stock. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Robert Half International presently has an average rating of “Buy” and a consensus target price of $46.00.
Robert Half International Inc provides specialized staffing and risk consulting services. The Company operates in three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
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