Robert Half (NYSE:RHI) Price Target Cut to $45.00 by Analysts at JPMorgan Chase & Co.

Robert Half (NYSE:RHI - Get Free Report) had its price target lowered by equities research analysts at 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 target suggests a potential upside of 13.78% from the company's previous close.

A number of other equities research analysts have also weighed in on the stock. BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. BNP Paribas lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Finally, Barclays cut their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $45.83.

Robert Half Price Performance

Shares of NYSE:RHI traded down $0.26 during mid-day trading on Thursday, reaching $39.55. 1,431,575 shares of the company were exchanged, compared to its average volume of 1,694,333. Robert Half has a 1 year low of $38.90 and a 1 year high of $78.41. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 22.60 and a beta of 1.00. The firm's 50-day simple moving average is $43.09 and its 200 day simple moving average is $51.01.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter last year, the company posted $0.66 EPS. The firm's revenue was down 7.0% compared to the same quarter last year. On average, research analysts forecast that Robert Half will post 2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH increased its stake in shares of Robert Half by 53.1% during the second quarter. Allianz Asset Management GmbH now owns 361,906 shares of the business services provider's stock worth $14,856,000 after acquiring an additional 125,591 shares during the period. Yousif Capital Management LLC increased its stake in shares of Robert Half by 1.1% during the second quarter. Yousif Capital Management LLC now owns 40,723 shares of the business services provider's stock worth $1,672,000 after acquiring an additional 427 shares during the period. Pzena Investment Management LLC increased its stake in shares of Robert Half by 80.3% during the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider's stock worth $97,587,000 after acquiring an additional 1,058,569 shares during the period. CWM LLC increased its stake in shares of Robert Half by 132.2% during the second quarter. CWM LLC now owns 131,709 shares of the business services provider's stock worth $5,407,000 after acquiring an additional 74,987 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Robert Half by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,202 shares of the business services provider's stock worth $583,000 after acquiring an additional 873 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.