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

Robert Half (NYSE:RHI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

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

Robert Half Stock Performance

Shares of NYSE RHI opened at $53.20 on Friday. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 21.80 and a beta of 1.22. The business’s 50-day simple moving average is $61.08 and its 200-day simple moving average is $66.67. Robert Half has a 52 week low of $51.55 and a 52 week high of $79.84.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RHI. Exchange Traded Concepts LLC lifted its holdings in shares of Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after purchasing an additional 166 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Robert Half by 5.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after acquiring an additional 183 shares in the last quarter. Private Trust Co. NA raised its holdings in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Robert Half by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock worth $2,164,000 after acquiring an additional 205 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Robert Half by 11.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider’s stock worth $152,000 after acquiring an additional 218 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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.