Barclays Issues Pessimistic Forecast for Robert Half (NYSE:RHI) Stock Price

Robert Half (NYSE:RHI) had its target price reduced by equities researchers at Barclays from $50.00 to $45.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price target indicates a potential upside of 2.32% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group lowered their price objective on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Thursday. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Truist Financial set a $55.00 price target on Robert Half and gave the company a “buy” rating in a report on Thursday. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Robert Half presently has a consensus rating of “Hold” and a consensus target price of $57.36.

Robert Half Stock Down 2.3 %

RHI opened at $43.98 on Thursday. The company has a fifty day simple moving average of $52.58 and a 200 day simple moving average of $63.78. The stock has a market cap of $4.49 billion, a P/E ratio of 18.02 and a beta of 1.13. Robert Half has a 12 month low of $40.00 and a 12 month high of $78.41.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business earned $0.61 EPS. On average, equities research analysts expect that Robert Half will post 2.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently made changes to their positions in RHI. Van ECK Associates Corp increased its holdings in Robert Half by 24.1% during the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after buying an additional 16,668 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 12,883 shares during the period. Smartleaf Asset Management LLC lifted its stake in Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after purchasing an additional 46,100 shares during the period. Finally, Tributary Capital Management LLC increased its position in Robert Half by 46.3% during the fourth quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock worth $956,000 after buying an additional 4,299 shares during the last quarter. 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.