Cfra upgraded shares of Robert Half International (NYSE:RHI) from a sell rating to a buy rating in a research note issued to investors on Friday, Analyst Ratings Network reports.
Other equities analysts also recently issued reports about the company. SunTrust Banks lifted their target price on Robert Half International from $40.00 to $52.00 and gave the company a hold rating in a research note on Monday, July 27th. Credit Suisse Group lowered their price objective on Robert Half International from $51.00 to $50.00 and set a neutral rating for the company in a research note on Friday, July 24th. Royal Bank of Canada increased their target price on Robert Half International from $54.00 to $58.00 and gave the stock a sector perform rating in a research report on Friday. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their price target on shares of Robert Half International from $53.00 to $56.00 and gave the company a market perform rating in a report on Friday, July 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $55.67.
RHI stock opened at $50.94 on Friday. The stock’s 50 day simple moving average is $54.25 and its 200 day simple moving average is $51.39. Robert Half International has a 12-month low of $32.38 and a 12-month high of $63.84. The firm has a market cap of $5.84 billion, a P/E ratio of 15.97, a P/E/G ratio of 5.21 and a beta of 1.53.
Robert Half International (NYSE:RHI) last issued its earnings results on Thursday, October 22nd. The business services provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. Robert Half International had a net margin of 6.42% and a return on equity of 32.24%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm’s revenue was down 23.3% compared to the same quarter last year. On average, equities research analysts forecast that Robert Half International will post 2.46 earnings per share for the current fiscal year.
In other news, Director Marc Morial sold 3,575 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.93, for a total transaction of $199,949.75. 2.90% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of RHI. Public Employees Retirement Association of Colorado boosted its stake in Robert Half International by 57.8% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 15,821 shares of the business services provider’s stock valued at $597,000 after purchasing an additional 5,796 shares in the last quarter. Wellington Management Group LLP bought a new position in Robert Half International during the first quarter valued at about $1,797,000. Engineers Gate Manager LP acquired a new position in Robert Half International during the first quarter worth about $488,000. Advisor Group Holdings Inc. bought a new stake in Robert Half International in the first quarter worth about $908,000. Finally, HighTower Advisors LLC lifted its holdings in Robert Half International by 62.0% in the 1st quarter. HighTower Advisors LLC now owns 10,089 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 3,861 shares during the last quarter. 93.55% of the stock is owned by institutional investors.
Robert Half International Company Profile
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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