BMO Capital Markets Lowers Robert Half (NYSE:RHI) Price Target to $32.00

Robert Half (NYSE:RHI) had its target price decreased by research analysts at BMO Capital Markets from $35.00 to $32.00 in a research report issued on Tuesday, Marketbeat reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 23.58% from the stock’s previous close.

Several other research firms have also weighed in on RHI. The Goldman Sachs Group upped their target price on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a report on Tuesday, February 3rd. UBS Group dropped their target price on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. BNP Paribas Exane cut Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a report on Friday, December 5th. Finally, JPMorgan Chase & Co. increased their price objective on Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $33.13.

Robert Half Trading Up 4.4%

RHI stock opened at $25.90 on Tuesday. Robert Half has a 12 month low of $24.35 and a 12 month high of $61.16. The stock has a market cap of $2.62 billion, a PE ratio of 19.47 and a beta of 0.88. The company has a 50-day moving average price of $28.20 and a 200 day moving average price of $30.59.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. Sell-side analysts forecast that Robert Half will post 2.48 EPS for the current year.

Institutional Trading of Robert Half

A number of institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in Robert Half by 24.8% in the 3rd quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock valued at $262,953,000 after purchasing an additional 1,537,245 shares during the period. Capital Research Global Investors boosted its holdings in shares of Robert Half by 0.3% during the third quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock worth $202,918,000 after purchasing an additional 15,815 shares during the period. Capital World Investors raised its holdings in Robert Half by 36.0% in the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock worth $160,306,000 after purchasing an additional 1,561,146 shares in the last quarter. State Street Corp boosted its stake in shares of Robert Half by 2.7% during the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after purchasing an additional 127,322 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its stake in shares of Robert Half by 38.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock valued at $119,364,000 after purchasing an additional 1,214,883 shares during the period. 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.