Robert Half International Inc. (RHI) Downgraded to Strong Sell at BidaskClub

Robert Half International Inc. (NYSE:RHI) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BMO Capital Markets boosted their target price on Robert Half International from $45.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Royal Bank Of Canada restated a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. Finally, ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $47.25.

Robert Half International (NYSE RHI) traded up 0.62% during mid-day trading on Friday, reaching $43.51. The company’s stock had a trading volume of 410,464 shares. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 16.86 and a beta of 1.23. The firm has a 50 day moving average price of $46.37 and a 200 day moving average price of $47.04. Robert Half International has a 52-week low of $34.42 and a 52-week high of $50.98.

Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.02. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. Robert Half International’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts anticipate that Robert Half International will post $2.62 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new position in Robert Half International during the first quarter valued at $2,817,000. Clinton Group Inc. purchased a new position in Robert Half International during the first quarter valued at $1,169,000. Macquarie Group Ltd. boosted its position in Robert Half International by 66.0% in the fourth quarter. Macquarie Group Ltd. now owns 12,069 shares of the business services provider’s stock valued at $589,000 after buying an additional 4,800 shares during the last quarter. Retirement Systems of Alabama boosted its position in Robert Half International by 5.3% in the first quarter. Retirement Systems of Alabama now owns 313,751 shares of the business services provider’s stock valued at $15,320,000 after buying an additional 15,687 shares during the last quarter. Finally, DnB Asset Management AS purchased a new position in Robert Half International during the first quarter valued at $511,000. 84.72% of the stock is currently owned by hedge funds and other institutional investors.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

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