Credit Suisse Group Boosts Robert Half International Inc. (RHI) Price Target to $41.00

Robert Half International Inc. (NYSE:RHI) had its price target lifted by Credit Suisse Group from $40.00 to $41.00 in a research note published on Wednesday morning. The firm currently has an underperform rating on the business services provider’s stock.

A number of other analysts have also commented on the stock. BMO Capital Markets lifted their target price on shares of Robert Half International from $45.00 to $49.00 and gave the stock a market perform rating in a report on Friday, July 14th. BidaskClub raised shares of Robert Half International from a strong sell rating to a sell rating in a report on Saturday, August 26th. SunTrust Banks, Inc. lowered shares of Robert Half International from a buy rating to a hold rating and set a $52.00 price target for the company. in a report on Wednesday, October 11th. ValuEngine lowered shares of Robert Half International from a buy rating to a hold rating in a report on Thursday, October 5th. Finally, Zacks Investment Research lowered shares of Robert Half International from a hold rating to a sell rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $51.88.

Shares of Robert Half International (NYSE:RHI) traded down 0.79% during midday trading on Wednesday, hitting $52.84. The stock had a trading volume of 1,166,756 shares. Robert Half International has a 52 week low of $36.74 and a 52 week high of $53.50. The stock has a 50-day moving average of $49.44 and a 200 day moving average of $47.12. The stock has a market cap of $6.58 billion, a PE ratio of 20.48 and a beta of 1.27.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.71 EPS. Robert Half International’s revenue was down 1.0% on a year-over-year basis. Analysts anticipate that Robert Half International will post $2.59 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in RHI. Seven Eight Capital LP lifted its position in Robert Half International by 134.7% in the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 114 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Robert Half International in the 1st quarter valued at $148,000. Globeflex Capital L P bought a new stake in Robert Half International in the 2nd quarter valued at $197,000. Finally, Hikari Power Ltd bought a new stake in Robert Half International in the 2nd quarter valued at $204,000. 83.78% of the stock is owned by institutional investors.

Robert Half International Company Profile

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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