Robert Half (NYSE:RHI) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Robert Half has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, signaling decreasing confidence among analysts regarding the company's stock performance.
• Goldman Sachs lowered its price target for Robert Half from $46.00 to $40.00, while BNP Paribas cut its rating from "outperform" to "neutral" with a price target of $45.00.
• The company's shares have a current market value of approximately $4.07 billion, with a recent trading price around $39.80, reflecting a significant drop from its 12-month high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other equities analysts also recently weighed in on RHI. BNP Paribas Exane downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of "Hold" and an average target price of $45.83.

Robert Half Stock Down 2.8%

Shares of NYSE RHI traded down $1.09 during midday trading on Friday, hitting $38.40. The stock had a trading volume of 1,456,593 shares, compared to its average volume of 2,170,986. The company has a market capitalization of $3.92 billion, a PE ratio of 21.94 and a beta of 1.00. The stock has a 50 day simple moving average of $42.91 and a 200-day simple moving average of $50.83. Robert Half has a 1 year low of $38.34 and a 1 year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%. The business's quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. As a group, 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 and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in 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 worth $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Robert Half during the fourth quarter worth $26,000. Quarry LP increased its stake in Robert Half by 540.8% during the first quarter. Quarry LP now owns 487 shares of the business services provider's stock worth $27,000 after acquiring an additional 411 shares during the last quarter. GeoWealth Management LLC acquired a new stake in Robert Half during the fourth quarter worth $35,000. Finally, Orion Capital Management LLC acquired a new stake in Robert Half during the fourth quarter worth $41,000. Institutional investors and hedge funds 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.