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

Robert Half (NYSE:RHI - Get Free Report) had its price objective lowered by JPMorgan Chase & Co. from $47.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 12.85% from the stock's current price.

Several other research analysts have also recently issued reports on RHI. BNP Paribas Exane cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price target on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Truist Financial set a $55.00 target price on Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Barclays reduced their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $48.43.

Robert Half Stock Down 6.0%

NYSE:RHI traded down $2.53 during midday trading on Thursday, hitting $39.88. The company had a trading volume of 1,317,296 shares, compared to its average volume of 1,677,802. Robert Half has a 52-week low of $39.61 and a 52-week high of $78.41. The stock's fifty day moving average price is $43.40 and its 200-day moving average price is $51.64. The company has a market capitalization of $4.07 billion, a PE ratio of 19.96 and a beta of 1.00.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. Robert Half had a net margin of 3.62% and a return on equity of 14.54%. Robert Half's revenue was down 7.0% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. As a group, research analysts forecast that Robert Half will post 2.48 earnings per share for the current year.

Institutional Trading of Robert Half

Several large investors have recently bought and sold shares of RHI. 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 position in shares of Robert Half during the fourth quarter valued at approximately $26,000. Quarry LP lifted its holdings in shares of Robert Half by 540.8% during the first quarter. Quarry LP now owns 487 shares of the business services provider's stock valued at $27,000 after purchasing an additional 411 shares during the last quarter. CX Institutional purchased a new position in shares of Robert Half during the first quarter valued at approximately $33,000. Finally, GeoWealth Management LLC purchased a new position in shares of Robert Half during the fourth quarter valued at approximately $35,000. 92.41% of the stock is owned by 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.

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