Robert Half (NYSE:RHI) Given New $25.00 Price Target at Barclays

Robert Half (NYSE:RHI) had its target price decreased by analysts at Barclays from $36.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price objective points to a potential upside of 3.95% from the company’s current price.

RHI has been the subject of a number of other reports. BNP Paribas Exane cut shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Friday, December 5th. Truist Financial lifted their price objective on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Robert W. Baird set a $50.00 price target on shares of Robert Half in a research note on Friday, January 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Robert Half presently has an average rating of “Reduce” and a consensus target price of $31.75.

Robert Half Stock Down 3.5%

Shares of RHI stock traded down $0.86 during mid-day trading on Friday, reaching $24.05. The company’s stock had a trading volume of 342,087 shares, compared to its average volume of 3,357,566. Robert Half has a 12-month low of $22.32 and a 12-month high of $56.28. The company’s 50 day simple moving average is $27.49 and its 200-day simple moving average is $29.81. The firm has a market capitalization of $2.43 billion, a PE ratio of 18.08 and a beta of 0.90.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.Robert Half’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. As a group, research analysts anticipate that Robert Half will post 2.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Robert Half

Several large investors have recently added to or reduced their stakes in RHI. Larson Financial Group LLC increased its holdings in shares of Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after acquiring an additional 764 shares during the period. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half in the fourth quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Robert Half during the second quarter valued at approximately $34,000. Fifth Third Bancorp grew its holdings in Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after buying an additional 664 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Robert Half in the 3rd quarter valued at approximately $37,000. 92.41% of the stock is owned by institutional investors and hedge funds.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest?standing and best?known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.