Robert Half International (NYSE:RHI) had its target price lifted by equities researchers at Deutsche Bank from $58.00 to $65.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the business services provider’s stock. Deutsche Bank’s target price points to a potential upside of 17.27% from the company’s current price.
Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Credit Suisse Group raised their target price on shares of Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. SunTrust Banks lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research note on Wednesday, October 11th. Nomura raised their target price on shares of Robert Half International from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird raised their target price on shares of Robert Half International from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.20.
Shares of Robert Half International (NYSE RHI) opened at $55.43 on Thursday. Robert Half International has a twelve month low of $42.92 and a twelve month high of $57.67. The stock has a market capitalization of $6,979.48, a PE ratio of 21.74 and a beta of 1.32.
In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $52.31, for a total transaction of $5,231,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert W. Glass sold 5,000 shares of Robert Half International stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total transaction of $274,650.00. Following the sale, the insider now directly owns 321,428 shares in the company, valued at approximately $17,656,040.04. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in RHI. Fuller & Thaler Asset Management Inc. grew its stake in shares of Robert Half International by 405.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after acquiring an additional 1,600 shares in the last quarter. Seven Eight Capital LP grew its stake in shares of Robert Half International by 134.7% in the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after acquiring an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Robert Half International by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after acquiring an additional 114 shares in the last quarter. Bremer Trust National Association acquired a new position in shares of Robert Half International in the third quarter worth $205,000. Finally, Smithfield Trust Co. acquired a new position in shares of Robert Half International in the third quarter worth $206,000. 85.12% of the stock is currently owned by hedge funds and other institutional investors.
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Robert Half International Company Profile
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.
