Equities researchers at Credit Suisse Group started coverage on shares of Robert Half International (NYSE:RHI) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set an “underperform” rating and a $57.00 price target on the business services provider’s stock. Credit Suisse Group’s price target would suggest a potential downside of 28.14% from the stock’s previous close.

A number of other brokerages also recently commented on RHI. Zacks Investment Research upgraded shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Thursday, April 26th. BMO Capital Markets restated a “hold” rating and issued a $59.00 price objective on shares of Robert Half International in a research report on Thursday, April 19th. SunTrust Banks restated a “hold” rating and issued a $62.00 price objective on shares of Robert Half International in a research report on Wednesday, April 25th. Robert W. Baird raised their price objective on shares of Robert Half International from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, April 25th. Finally, Barclays raised their price objective on shares of Robert Half International from $66.00 to $72.00 and gave the company a “$68.51” rating in a research report on Wednesday, July 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $64.64.

NYSE:RHI traded down $0.16 during mid-day trading on Friday, reaching $79.32. The stock had a trading volume of 992,670 shares, compared to its average volume of 1,261,923. The company has a market cap of $9.73 billion, a P/E ratio of 26.32 and a beta of 1.20. Robert Half International has a twelve month low of $42.92 and a twelve month high of $79.91.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. Robert Half International had a net margin of 6.11% and a return on equity of 33.44%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. analysts predict that Robert Half International will post 3.45 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Summit Trail Advisors LLC increased its holdings in Robert Half International by 5,585.0% in the first quarter. Summit Trail Advisors LLC now owns 100,739 shares of the business services provider’s stock valued at $101,000 after buying an additional 98,967 shares in the last quarter. Ostrum Asset Management purchased a new position in Robert Half International in the first quarter valued at about $113,000. Rampart Investment Management Company LLC increased its holdings in Robert Half International by 112.7% in the first quarter. Rampart Investment Management Company LLC now owns 3,337 shares of the business services provider’s stock valued at $193,000 after buying an additional 1,768 shares in the last quarter. TNB Financial purchased a new position in Robert Half International in the second quarter valued at about $209,000. Finally, YHB Investment Advisors Inc. purchased a new position in Robert Half International in the second quarter valued at about $225,000. 88.42% of the stock is 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.

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Analyst Recommendations for Robert Half International (NYSE:RHI)

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