Robert Half Inc. (NYSE:RHI) Stock Has Consensus Price Target of $34.75 According to Brokerages

Robert Half Inc. (NYSE:RHI) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.75.

Several equities research analysts have issued reports on RHI shares. Robert W. Baird set a $53.00 target price on shares of Robert Half in a research note on Friday. Jefferies Financial Group reiterated an “underperform” rating and issued a $33.00 target price on shares of Robert Half in a research report on Friday. BMO Capital Markets raised their price target on shares of Robert Half from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday.

Robert Half Price Performance

NYSE RHI opened at $44.94 on Tuesday. The company has a market cap of $4.60 billion, a PE ratio of 37.14 and a beta of 0.84. The stock’s 50 day simple moving average is $38.86 and its 200-day simple moving average is $31.95. Robert Half has a 1-year low of $21.83 and a 1-year high of $47.14.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Robert Half had a return on equity of 9.83% and a net margin of 2.30%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, equities research analysts anticipate that Robert Half will post 1.28 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were issued a $0.59 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. Robert Half’s dividend payout ratio is presently 195.04%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Reyes Financial Architecture Inc. purchased a new stake in shares of Robert Half in the third quarter valued at approximately $36,000. Elevation Wealth Partners LLC increased its holdings in shares of Robert Half by 605.6% in the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 975 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Robert Half during the second quarter worth approximately $39,000. Quantbot Technologies LP purchased a new position in Robert Half during the second quarter worth approximately $39,000. Finally, Fortitude Family Office LLC boosted its stake in Robert Half by 315.8% during the third quarter. Fortitude Family Office LLC now owns 1,372 shares of the business services provider’s stock worth $50,000 after buying an additional 1,042 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Company Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.