Robert Half International Inc. (RHI) Given New $60.00 Price Target at Nomura

Robert Half International Inc. (NYSE:RHI) had its price target raised by Nomura from $53.00 to $60.00 in a report issued on Wednesday. The firm currently has a buy rating on the business services provider’s stock.

A number of other equities analysts also recently commented on RHI. BMO Capital Markets reaffirmed a hold rating and set a $45.00 target price on shares of Robert Half International in a research note on Tuesday, July 11th. Royal Bank Of Canada reiterated a hold rating on shares of Robert Half International in a research report on Friday, July 14th. BidaskClub cut shares of Robert Half International from a hold rating to a sell rating in a research report on Friday, July 28th. Zacks Investment Research cut shares of Robert Half International from a hold rating to a sell rating in a research report on Friday, July 28th. Finally, ValuEngine upgraded shares of Robert Half International from a hold rating to a buy rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $51.88.

Shares of Robert Half International (RHI) traded down 0.79% during trading on Wednesday, reaching $52.84. 1,166,756 shares of the company traded hands. The stock has a market capitalization of $6.58 billion, a PE ratio of 20.48 and a beta of 1.27. Robert Half International has a 52 week low of $36.74 and a 52 week high of $53.50. The firm has a 50 day moving average of $49.44 and a 200 day moving average of $47.12.

Robert Half International (NYSE:RHI) last issued 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 firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $0.71 earnings per share. Robert Half International’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts predict that Robert Half International will post $2.59 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. Investment Counselors of Maryland LLC increased its position in shares of Robert Half International by 0.5% during the second quarter. Investment Counselors of Maryland LLC now owns 4,715 shares of the business services provider’s stock valued at $226,000 after acquiring an additional 24 shares during the last quarter. Financial Counselors Inc. grew its holdings in shares of Robert Half International by 0.4% in the second quarter. Financial Counselors Inc. now owns 8,449 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 35 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Robert Half International by 0.5% in the second quarter. Gateway Investment Advisers LLC now owns 8,352 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 38 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Robert Half International by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 5,469 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 39 shares in the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of Robert Half International by 0.3% in the second quarter. Empirical Finance LLC now owns 22,115 shares of the business services provider’s stock valued at $1,060,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 83.78% of the company’s stock.

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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