Robert Half International Inc. (RHI) Given New $41.00 Price Target at Credit Suisse Group

Robert Half International Inc. (NYSE:RHI) had its target price hoisted by equities researchers at Credit Suisse Group from $40.00 to $41.00 in a note issued to investors on Wednesday, October 25th. The brokerage presently has an “underperform” rating on the business services provider’s stock. Credit Suisse Group’s target price points to a potential downside of 22.50% from the stock’s current price.

Several other research firms have also weighed in on RHI. BidaskClub lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. BMO Capital Markets lifted their price objective on shares of Robert Half International from $45.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Robert W. Baird lifted their price objective on shares of Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $51.88.

Shares of Robert Half International (RHI) opened at $52.90 on Wednesday. The company has a market cap of $6,631.02, a P/E ratio of 20.75 and a beta of 1.29. Robert Half International has a 1 year low of $41.62 and a 1 year high of $53.50.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. equities research analysts expect that Robert Half International will post 2.58 EPS for the current year.

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In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Robert Half International by 2,875.0% in the first quarter. BlackRock Inc. now owns 9,961,750 shares of the business services provider’s stock worth $486,431,000 after purchasing an additional 9,626,906 shares during the last quarter. Janus Henderson Group PLC grew its position in Robert Half International by 4,051.8% during the second quarter. Janus Henderson Group PLC now owns 921,072 shares of the business services provider’s stock valued at $44,147,000 after acquiring an additional 898,887 shares during the last quarter. Vanguard Group Inc. grew its position in Robert Half International by 5.9% during the second quarter. Vanguard Group Inc. now owns 13,632,206 shares of the business services provider’s stock valued at $653,391,000 after acquiring an additional 758,834 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Robert Half International by 42.1% during the second quarter. Lord Abbett & CO. LLC now owns 1,852,461 shares of the business services provider’s stock valued at $88,788,000 after acquiring an additional 548,507 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Robert Half International by 153.8% during the second quarter. JPMorgan Chase & Co. now owns 888,822 shares of the business services provider’s stock valued at $42,601,000 after acquiring an additional 538,557 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

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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