Robert Half International Inc. (NYSE:RHI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

RHI has been the topic of several other research reports. Zacks Investment Research cut Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. BMO Capital Markets boosted their price objective on Robert Half International from $45.00 to $49.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Finally, BidaskClub cut Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $49.40.

Robert Half International (NYSE:RHI) opened at 51.14 on Thursday. The company’s 50-day moving average is $46.86 and its 200 day moving average is $46.76. Robert Half International has a 12 month low of $34.42 and a 12 month high of $51.76. The firm has a market cap of $6.37 billion, a P/E ratio of 19.82 and a beta of 1.27.

Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Equities research analysts expect that Robert Half International will post $2.62 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Investment Counselors of Maryland LLC raised its position in shares of Robert Half International by 0.5% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 4,715 shares of the business services provider’s stock worth $226,000 after acquiring an additional 24 shares in the last quarter. Financial Counselors Inc. increased its position in Robert Half International by 0.4% during the 2nd quarter. Financial Counselors Inc. now owns 8,449 shares of the business services provider’s stock valued at $405,000 after buying an additional 35 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Robert Half International by 0.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 8,352 shares of the business services provider’s stock valued at $400,000 after buying an additional 38 shares in the last quarter. Contravisory Investment Management Inc. increased its position in Robert Half International by 0.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 5,469 shares of the business services provider’s stock valued at $262,000 after buying an additional 39 shares in the last quarter. Finally, Empirical Finance LLC increased its position in Robert Half International by 0.3% during the 2nd quarter. Empirical Finance LLC now owns 22,115 shares of the business services provider’s stock valued at $1,060,000 after buying an additional 73 shares in the last quarter. 84.10% of the stock is owned by hedge funds and other institutional investors.

Robert Half International Company Profile

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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