Robert Half (NYSE:RHI) Given New $25.00 Price Target at Barclays

Robert Half (NYSE:RHI) had its price objective lowered by stock analysts at Barclays from $36.00 to $25.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price target suggests a potential upside of 3.95% from the stock’s current price.

Several other analysts have also weighed in on the company. Truist Financial upped their price objective on Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 30th. Robert W. Baird set a $50.00 price objective on shares of Robert Half in a research report on Friday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. BMO Capital Markets reduced their target price on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Finally, Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Stock Performance

Shares of NYSE:RHI traded down $0.86 during trading on Friday, reaching $24.05. The company had a trading volume of 342,087 shares, compared to its average volume of 3,357,566. The firm’s fifty day moving average is $27.49 and its 200 day moving average is $29.81. The firm has a market capitalization of $2.43 billion, a PE ratio of 18.08 and a beta of 0.90. Robert Half has a twelve month low of $22.32 and a twelve month high of $56.28.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. Equities analysts predict that Robert Half will post 2.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robert Half

Several institutional investors and hedge funds have recently modified their holdings of RHI. AQR Capital Management LLC raised its holdings in shares of Robert Half by 190.5% during the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock worth $254,560,000 after acquiring an additional 4,066,328 shares in the last quarter. Capital World Investors lifted its stake in Robert Half by 460.5% in the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after acquiring an additional 3,566,645 shares during the last quarter. Brickwood Asset Management LLP acquired a new stake in Robert Half in the fourth quarter valued at approximately $34,908,000. Norges Bank bought a new stake in Robert Half in the fourth quarter worth approximately $33,832,000. Finally, Pzena Investment Management LLC increased its stake in shares of Robert Half by 38.2% during the 4th 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 during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

About Robert Half

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.