BMO Capital Markets Lowers Robert Half (NYSE:RHI) Price Target to $32.00

Robert Half (NYSE:RHI) had its target price decreased by stock analysts at BMO Capital Markets from $35.00 to $32.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 29.93% from the company’s current price.

RHI has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their target price on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Barclays cut their target price on Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. Truist Financial boosted their price objective on shares of Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, UBS Group decreased their price objective on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $33.13.

Robert Half Price Performance

RHI stock opened at $24.63 on Tuesday. The stock has a market capitalization of $2.49 billion, a PE ratio of 18.58 and a beta of 0.88. The company’s 50-day moving average is $28.27 and its 200-day moving average is $30.70. Robert Half has a 1 year low of $24.40 and a 1 year high of $61.16.

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

Hedge Funds Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in Robert Half by 190.5% during the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after purchasing an additional 4,066,328 shares during the period. Capital World Investors lifted its stake in shares of Robert Half by 460.5% during the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock worth $147,512,000 after purchasing an additional 3,566,645 shares during the last quarter. Brickwood Asset Management LLP bought a new stake in Robert Half during the fourth quarter valued at about $34,908,000. Norges Bank purchased a new position in Robert Half in the fourth quarter valued at about $33,832,000. Finally, Pzena Investment Management LLC raised its holdings in Robert Half by 38.2% in the fourth quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock worth $119,364,000 after purchasing an additional 1,214,883 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

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.