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

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

RHI has been the topic of several other reports. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas raised 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. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.92.

Robert Half Price Performance

Shares of NYSE RHI opened at $53.20 on Friday. Robert Half has a 1-year low of $51.55 and a 1-year high of $79.84. The business’s fifty day moving average price is $61.08 and its two-hundred day moving average price is $66.67. The firm has a market capitalization of $5.44 billion, a PE ratio of 21.80 and a beta of 1.22.

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

Institutional Investors Weigh In On Robert Half

Hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 313 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Robert Half in the 4th quarter worth about $26,000. Private Trust Co. NA lifted its stake in Robert Half by 79.7% in the 3rd 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. Signaturefd LLC lifted its stake in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after acquiring an additional 239 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Robert Half in the 4th quarter worth about $35,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

About Robert Half

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.