Robert Half International Given New $57.00 Price Target at BMO Capital Markets (RHI)
Equities researchers at BMO Capital Markets boosted their price target on shares of Robert Half International (NYSE:RHI) from $49.00 to $57.00 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 18.26% from the stock’s previous close.
Shares of Robert Half International (NYSE:RHI) opened at 48.20 on Wednesday. Robert Half International has a 52 week low of $35.14 and a 52 week high of $49.11. The stock’s 50-day moving average is $47.52 and its 200-day moving average is $43.56. The company has a market cap of $6.523 billion and a P/E ratio of 25.40.
Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.46 earnings per share. Robert Half International’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Robert Half International will post $2.09 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Robert Half International from $48.00 to $55.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Northcoast Research downgraded shares of Robert Half International from a “buy” rating to a “neutral” rating in a research note on Monday, June 30th. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Robert Half International in a research note on Friday, June 13th. They now have a $49.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $49.89.
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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