Robert Half (NYSE:RHI) Given New $31.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets has lowered its price target for Robert Half from $36.00 to $31.00, suggesting a potential upside of 4.73% from the previous close.
• Recent quarterly earnings revealed that Robert Half reported an EPS of $0.43, matching consensus estimates, but revenue was down 7.5% compared to the same quarter last year.
• Overall ratings for the stock include one "Buy," six "Hold," and two "Sell," with a consensus price target of $39.38 according to MarketBeat.com.

Robert Half (NYSE:RHI - Get Free Report) had its price target decreased by research analysts at BMO Capital Markets from $36.00 to $31.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the business services provider's stock. BMO Capital Markets' target price suggests a potential upside of 4.73% from the stock's previous close.

RHI has been the subject of several other reports. Zacks Research raised shares of Robert Half from a "strong sell" rating to a "hold" rating in a report on Tuesday. Truist Financial cut their target price on shares of Robert Half from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, October 13th. The Goldman Sachs Group set a $27.00 target price on shares of Robert Half in a research note on Thursday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Robert Half in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $39.38.

Robert Half Trading Down 4.5%

NYSE RHI opened at $29.60 on Thursday. The company has a fifty day simple moving average of $34.80 and a 200 day simple moving average of $40.33. The company has a market cap of $3.01 billion, a P/E ratio of 16.91 and a beta of 1.02. Robert Half has a 1 year low of $29.48 and a 1 year high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. Robert Half's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. Robert Half has set its Q4 2025 guidance at 0.250-0.350 EPS. Equities research analysts forecast that Robert Half will post 2.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Robert Half

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its stake in shares of Robert Half by 190.5% in the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider's stock valued at $254,560,000 after buying an additional 4,066,328 shares in the last quarter. State Street Corp raised its stake in shares of Robert Half by 2.7% in the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider's stock valued at $200,055,000 after buying an additional 127,322 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 2.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,702,722 shares of the business services provider's stock valued at $151,997,000 after buying an additional 84,545 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Robert Half by 1.6% in the 1st quarter. Alliancebernstein L.P. now owns 3,268,435 shares of the business services provider's stock valued at $178,293,000 after buying an additional 50,436 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in shares of Robert Half by 14.4% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider's stock valued at $140,563,000 after buying an additional 325,241 shares in the last quarter. 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.

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