StockNews.com Downgrades Robert Half (NYSE:RHI) to Hold

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

RHI has been the subject of several other research reports. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research note on Monday, February 10th. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half Price Performance

NYSE RHI traded down $1.07 during trading on Wednesday, reaching $53.08. 1,485,977 shares of the company’s stock were exchanged, compared to its average volume of 1,381,046. The business has a 50 day moving average price of $63.48 and a 200-day moving average price of $67.23. The stock has a market capitalization of $5.42 billion, a P/E ratio of 21.75 and a beta of 1.22. Robert Half has a fifty-two week low of $52.55 and a fifty-two week high of $81.85.

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

Institutional Investors Weigh In On Robert Half

Institutional investors and hedge funds have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its holdings in shares of Robert Half by 0.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider’s stock worth $2,087,000 after acquiring an additional 290 shares during the period. Venturi Wealth Management LLC lifted its stake in Robert Half by 310.3% during the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock worth $54,000 after purchasing an additional 602 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Robert Half by 345.1% in the 3rd quarter. WCM Investment Management LLC now owns 18,735 shares of the business services provider’s stock valued at $1,262,000 after purchasing an additional 14,526 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Robert Half by 79.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 12,813 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 5,679 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Robert Half by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock worth $41,373,000 after buying an additional 151,261 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

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.