Robert Half International Inc. (RHI) Receives Average Rating of “Hold” from Brokerages

Robert Half International Inc. (NYSE:RHI) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $69.78.

Several research analysts have issued reports on RHI shares. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. SunTrust Banks upped their price objective on Robert Half International to $70.00 and gave the stock a “hold” rating in a report on Wednesday, January 30th. Zacks Investment Research raised Robert Half International from a “sell” rating to a “hold” rating and set a $73.00 price objective on the stock in a report on Monday, January 28th. Nomura reduced their price objective on Robert Half International to $80.00 and set a “buy” rating on the stock in a report on Wednesday, January 16th. Finally, Bank of America downgraded Robert Half International from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd.

Shares of NYSE RHI traded up $0.67 during trading hours on Wednesday, hitting $66.16. 25,720 shares of the company’s stock were exchanged, compared to its average volume of 1,175,572. Robert Half International has a 1-year low of $52.79 and a 1-year high of $79.91. The stock has a market capitalization of $7.76 billion, a PE ratio of 18.34, a P/E/G ratio of 1.85 and a beta of 1.29.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, January 29th. The business services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Robert Half International had a return on equity of 39.61% and a net margin of 7.49%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. As a group, sell-side analysts predict that Robert Half International will post 4.08 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of RHI. Vanguard Group Inc raised its stake in Robert Half International by 7.8% during the 3rd quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock worth $1,026,877,000 after buying an additional 1,053,543 shares during the period. BlackRock Inc. raised its stake in Robert Half International by 12.0% during the 4th quarter. BlackRock Inc. now owns 9,860,736 shares of the business services provider’s stock worth $564,035,000 after buying an additional 1,056,596 shares during the period. AQR Capital Management LLC raised its stake in Robert Half International by 8.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,449,282 shares of the business services provider’s stock worth $383,520,000 after buying an additional 423,389 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Robert Half International by 45.1% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,544,609 shares of the business services provider’s stock worth $145,551,000 after buying an additional 790,358 shares during the period. Finally, Northern Trust Corp raised its stake in Robert Half International by 21.1% during the 4th quarter. Northern Trust Corp now owns 2,325,059 shares of the business services provider’s stock worth $132,994,000 after buying an additional 405,101 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robert Half International Company Profile

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

Read More: How can you know how many shares are floating?

Analyst Recommendations for Robert Half International (NYSE:RHI)

Receive News & Ratings for Robert Half International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit