Robert Half (NYSE:RHI) Stock Rating Upgraded by Zacks Research

Robert Half (NYSE:RHIGet Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

RHI has been the topic of several other reports. Weiss Ratings upgraded Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Robert Half has a consensus rating of “Reduce” and a consensus price target of $31.62.

Read Our Latest Report on Robert Half

Robert Half Stock Up 3.1%

Shares of Robert Half stock opened at $36.76 on Tuesday. The company has a market cap of $3.76 billion, a P/E ratio of 28.27 and a beta of 0.82. The firm’s 50 day moving average price is $30.25 and its 200-day moving average price is $27.78. Robert Half has a 52-week low of $21.83 and a 52-week high of $43.28.

Robert Half (NYSE:RHIGet Free Report) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. Robert Half’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. As a group, equities research analysts forecast that Robert Half will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Robert Half

A number of large investors have recently bought and sold shares of RHI. Larson Financial Group LLC lifted its position in Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC acquired a new stake in Robert Half during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Robert Half during the 2nd quarter valued at about $34,000. Elevation Wealth Partners LLC raised its stake in shares of Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after buying an additional 975 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

About Robert Half

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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.

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