Robert Half International Inc. (NYSE:RHI) was downgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday. They currently have a $33.00 target price on the stock, down from their previous target price of $37.00. Credit Suisse Group AG’s target price would suggest a potential downside of 13.00% from the company’s current price.
RHI has been the topic of a number of other reports. Deutsche Bank AG began coverage on Robert Half International in a research report on Wednesday, August 17th. They set a “buy” rating and a $44.00 target price on the stock. RBC Capital Markets set a $42.00 target price on Robert Half International and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. BMO Capital Markets downgraded Robert Half International from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $45.00 to $36.00 in a research report on Wednesday, July 27th. Finally, Macquarie began coverage on Robert Half International in a research report on Thursday, August 25th. They set a “neutral” rating and a $43.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.53.
Shares of Robert Half International (NYSE:RHI) opened at 37.93 on Monday. The company has a market capitalization of $4.88 billion, a P/E ratio of 13.59 and a beta of 1.26. Robert Half International has a 12-month low of $34.34 and a 12-month high of $54.01. The company has a 50 day moving average price of $37.91 and a 200 day moving average price of $39.77.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.02. Robert Half International had a net margin of 6.94% and a return on equity of 35.42%. The business earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts anticipate that Robert Half International will post $2.75 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is presently 31.54%.
In other Robert Half International news, insider Robert W. Glass sold 30,061 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $36.93, for a total transaction of $1,110,152.73. Following the completion of the sale, the insider now owns 340,972 shares of the company’s stock, valued at $12,592,095.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.40% of the company’s stock.
A number of large investors have recently bought and sold shares of RHI. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Robert Half International during the second quarter worth about $202,000. Kentucky Retirement Systems purchased a new stake in Robert Half International during the second quarter worth about $426,000. Mason Street Advisors LLC purchased a new stake in Robert Half International during the second quarter worth about $675,000. Northwestern Mutual Wealth Management Co. increased its stake in Robert Half International by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,526 shares of the company’s stock worth $211,000 after buying an additional 170 shares during the period. Finally, Personal Capital Advisors Corp increased its stake in Robert Half International by 3.4% in the second quarter. Personal Capital Advisors Corp now owns 183,669 shares of the company’s stock worth $7,009,000 after buying an additional 5,995 shares during the period. 85.17% of the stock is owned by hedge funds and other institutional investors.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
Receive News & Ratings for Robert Half International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.