Robert Half (NYSE:RHI) Rating Lowered to Neutral at BNP Paribas Exane

Robert Half (NYSE:RHI) was downgraded by BNP Paribas Exane from an “outperform” rating to a “neutral” rating in a research report issued on Friday,Briefing.com Automated Import reports. They currently have a $45.00 target price on the business services provider’s stock. BNP Paribas Exane’s target price would suggest a potential downside of 0.99% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. BNP Paribas cut Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Friday. Barclays dropped their price target on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. The Goldman Sachs Group cut their target price on Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial set a $55.00 price objective on Robert Half and gave the stock a “buy” rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and an average price target of $48.71.

Robert Half Stock Performance

Shares of NYSE RHI opened at $45.45 on Friday. The stock has a fifty day moving average of $51.03 and a 200-day moving average of $62.96. The stock has a market cap of $4.64 billion, a PE ratio of 18.63 and a beta of 1.06. Robert Half has a fifty-two week low of $40.00 and a fifty-two week high of $78.41.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. On average, sell-side analysts predict that Robert Half will post 2.48 EPS for the current year.

Hedge Funds Weigh In On Robert Half

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings 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 last quarter. Headlands Technologies LLC bought a new stake in Robert Half in the fourth quarter worth $26,000. Signaturefd LLC grew its stake in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after acquiring an additional 239 shares during the last quarter. CX Institutional bought a new position in shares of Robert Half during the first quarter valued at $33,000. Finally, Eastern Bank purchased a new position in shares of Robert Half in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

About Robert Half

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.