Robert Half (NYSE:RHI) Upgraded by Wall Street Zen to "Hold" Rating

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 investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Other research analysts have also recently issued research reports about the company. Barclays lowered their target price on Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. BNP Paribas downgraded shares of 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. The Goldman Sachs Group lowered 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. Finally, BNP Paribas Exane cut 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Robert Half currently has a consensus rating of "Hold" and an average price target of $45.83.

Robert Half Trading Down 1.3%

NYSE RHI traded down $0.48 during trading on Friday, hitting $34.75. The company had a trading volume of 446,604 shares, compared to its average volume of 1,698,362. The company's fifty day moving average is $41.77 and its 200-day moving average is $49.58. Robert Half has a one year low of $34.57 and a one year high of $78.41. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 19.85 and a beta of 1.02.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly 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 net margin of 3.20% and a return on equity of 13.00%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. Robert Half's quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Robert Half will post 2.48 EPS for the current year.

Institutional Investors Weigh In On Robert Half

Several large investors have recently bought and sold shares of RHI. Headlands Technologies LLC bought a new position in Robert Half during the fourth quarter valued at approximately $26,000. Quarry LP grew its holdings in shares of Robert Half by 540.8% in 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 period. CX Institutional purchased a new position in Robert Half in the first quarter worth about $33,000. GeoWealth Management LLC purchased a new position in shares of Robert Half in the fourth quarter worth approximately $35,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Robert Half by 927.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider's stock worth $35,000 after acquiring an additional 770 shares during the period. 92.41% of the stock is currently owned by institutional investors.

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.