Robert Half (NYSE:RHI) Rating Lowered to “Hold” at StockNews.com

Robert Half (NYSE:RHI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.92.

Robert Half Trading Down 1.9 %

Shares of RHI stock opened at $52.03 on Wednesday. Robert Half has a 12-month low of $51.55 and a 12-month high of $81.85. The firm’s 50 day moving average is $63.14 and its 200 day moving average is $67.13. The stock has a market capitalization of $5.32 billion, a P/E ratio of 21.32 and a beta of 1.22.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, equities analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Institutional Trading of Robert Half

Institutional investors and hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 313 shares during the period. Headlands Technologies LLC bought a new stake in shares of Robert Half during the 4th quarter valued at $26,000. Private Trust Co. NA raised its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Signaturefd LLC raised its position in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 239 shares during the period. Finally, GeoWealth Management LLC bought a new stake in shares of Robert Half during the 4th quarter valued at $35,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.