Robert Half (NYSE:RHI) Raised to “Hold” at Zacks Research

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

Several other research firms have also recently issued reports on RHI. BNP Paribas Exane cut shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Friday, December 5th. Truist Financial increased their price objective on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets reissued a “market perform” rating and set a $35.00 target price on shares of Robert Half in a research note on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $33.50.

Robert Half Price Performance

RHI stock opened at $31.27 on Monday. Robert Half has a 1 year low of $25.22 and a 1 year high of $63.73. The firm has a market capitalization of $3.16 billion, a PE ratio of 23.51 and a beta of 0.88. The business has a 50 day simple moving average of $28.02 and a 200-day simple moving average of $31.42.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities research analysts expect that Robert Half will post 2.48 EPS for the current year.

Institutional Investors Weigh In On Robert Half

Several large investors have recently added to or reduced their stakes in RHI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Robert Half in the 2nd quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Robert Half by 927.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 770 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 664 shares during the period. Danske Bank A S acquired a new position in Robert Half during the 3rd quarter worth $37,000. Finally, Hantz Financial Services Inc. increased its holdings in Robert Half by 952.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Company Profile

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.