Robert Half (NYSE:RHI) Rating Increased to Hold at Wall Street Zen

Key Points

• Robert Half has been upgraded from a "sell" rating to a "hold" rating by research analysts at Wall Street Zen, indicating a shift in sentiment toward the stock.
• Several major firms, including JPMorgan Chase and Goldman Sachs, have reduced their price targets for Robert Half, with a current consensus target price of $45.83.
• The company reported a quarterly earnings per share (EPS) of $0.41, surpassing expectations, but experienced a revenue decline of 7% compared to the same quarter last year.

Robert Half (NYSE:RHI - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. cut their price objective on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. BNP Paribas Exane lowered 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. Barclays cut their price objective on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Finally, Truist Financial set a $55.00 price objective on Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $45.83.

Robert Half Price Performance

Shares of NYSE RHI opened at $35.34 on Friday. The stock has a market capitalization of $3.61 billion, a P/E ratio of 20.19 and a beta of 1.02. Robert Half has a 1-year low of $35.22 and a 1-year high of $78.41. The business has a fifty day moving average price of $42.19 and a 200 day moving average price of $50.08.

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

Institutional Trading of Robert Half

Several large investors have recently added to or reduced their stakes in RHI. Quadrant Capital Group LLC increased its holdings in shares of Robert Half by 11.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock worth $152,000 after buying an additional 218 shares during the last quarter. Manchester Capital Management LLC increased its stake in Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock worth $45,000 after acquiring an additional 256 shares during the last quarter. Strengthening Families & Communities LLC increased its stake in Robert Half by 11.9% during the second quarter. Strengthening Families & Communities LLC now owns 2,479 shares of the business services provider's stock worth $102,000 after acquiring an additional 263 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Robert Half by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 44,483 shares of the business services provider's stock valued at $3,134,000 after purchasing an additional 280 shares during the period. Finally, Legacy Financial Advisors Inc. lifted its stake in shares of Robert Half by 3.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 11,475 shares of the business services provider's stock valued at $809,000 after purchasing an additional 344 shares during the last quarter. 92.41% of the stock is currently 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.

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