Robert Half (NYSE:RHI) Stock Rating Lowered by Zacks Research

Robert Half (NYSE:RHI) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on RHI. The Goldman Sachs Group boosted their target price on Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a report on Tuesday, February 3rd. Truist Financial boosted their target price on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th. JPMorgan Chase & Co. boosted their target price on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Weiss Ratings cut Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Finally, Robert W. Baird set a $50.00 target price on Robert Half in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Price Performance

Shares of Robert Half stock opened at $26.63 on Wednesday. The stock has a market cap of $2.73 billion, a P/E ratio of 20.49 and a beta of 0.85. The stock’s 50 day simple moving average is $24.97 and its 200-day simple moving average is $26.96. Robert Half has a 1-year low of $21.83 and a 1-year high of $48.54.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. As a group, research analysts expect that Robert Half will post 1.36 EPS for the current fiscal year.

Institutional Trading of Robert Half

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Robert Half by 24.8% during the third quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock worth $262,953,000 after acquiring an additional 1,537,245 shares during the period. Capital Research Global Investors increased its position in shares of Robert Half by 0.3% during the third quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock worth $202,918,000 after acquiring an additional 15,815 shares during the period. Pzena Investment Management LLC increased its position in shares of Robert Half by 35.8% during the first quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock worth $151,555,000 after acquiring an additional 1,571,883 shares during the period. Capital World Investors increased its position in shares of Robert Half by 36.0% during the fourth quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock worth $160,306,000 after acquiring an additional 1,561,146 shares during the period. Finally, State Street Corp increased its position in shares of Robert Half by 2.7% during the second quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock worth $200,055,000 after acquiring an additional 127,322 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

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.