JPMorgan Chase & Co. Issues Positive Forecast for Robert Half (NYSE:RHI) Stock Price

Robert Half (NYSE:RHIGet Free Report) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $29.00 to $31.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 10.26% from the company’s current price.

Several other equities analysts also recently commented on RHI. Barclays decreased their target price on Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. BMO Capital Markets decreased their price target on shares of Robert Half from $36.00 to $31.00 and set a “market perform” rating for the company in a research note on Thursday, October 23rd. Robert W. Baird set a $50.00 price target on Robert Half in a research report on Friday. The Goldman Sachs Group lowered their price target on shares of Robert Half from $31.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, October 23rd. Finally, UBS Group decreased their target price on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $33.00.

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Robert Half Stock Up 27.5%

Shares of NYSE:RHI traded up $7.46 during midday trading on Friday, reaching $34.55. 11,391,348 shares of the company were exchanged, compared to its average volume of 2,772,868. The firm has a market cap of $3.50 billion, a PE ratio of 22.43 and a beta of 0.85. Robert Half has a fifty-two week low of $25.22 and a fifty-two week high of $66.25. The stock has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $31.72.

Robert Half (NYSE:RHIGet Free Report) last released its earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a net margin of 2.85% and a return on equity of 11.76%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. As a group, analysts forecast that Robert Half will post 2.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its position in shares of Robert Half by 80.3% in the 2nd quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock worth $97,587,000 after purchasing an additional 1,058,569 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Robert Half in the third quarter worth about $1,204,000. Russell Investments Group Ltd. increased its position in shares of Robert Half by 25.7% during the second quarter. Russell Investments Group Ltd. now owns 404,024 shares of the business services provider’s stock valued at $16,585,000 after acquiring an additional 82,645 shares in the last quarter. Quadrature Capital Ltd lifted its position in Robert Half by 531.4% in the 2nd quarter. Quadrature Capital Ltd now owns 28,371 shares of the business services provider’s stock valued at $1,165,000 after acquiring an additional 23,878 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Robert Half by 7.4% during the second quarter. First Trust Advisors LP now owns 1,212,441 shares of the business services provider’s stock valued at $49,771,000 after buying an additional 83,232 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Key Robert Half News

Here are the key news stories impacting Robert Half this week:

Robert Half Company Profile

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Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

Further Reading

Analyst Recommendations for Robert Half (NYSE:RHI)

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