JPMorgan Chase & Co. Issues Positive Forecast for Robert Half (NYSE:RHI) Stock Price

Robert Half (NYSE:RHIFree Report) had its price objective boosted by JPMorgan Chase & Co. from $29.00 to $31.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the business services provider’s stock.

Several other analysts have also weighed in on RHI. BMO Capital Markets decreased their price target on Robert Half from $36.00 to $31.00 and set a “market perform” rating on the stock in a report on Thursday, October 23rd. UBS Group reduced their target price on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, October 23rd. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Barclays reduced their price objective on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Robert Half from $31.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $33.00.

Check Out Our Latest Stock Report on RHI

Robert Half Trading Up 27.5%

Shares of NYSE RHI opened at $34.55 on Friday. Robert Half has a 12-month low of $25.22 and a 12-month high of $66.25. The firm’s 50-day moving average price is $27.81 and its 200-day moving average price is $31.68. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 25.97 and a beta of 0.85.

Robert Half (NYSE:RHIGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, equities analysts predict that Robert Half will post 2.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RHI. Pzena Investment Management LLC increased its position in shares of Robert Half by 80.3% during the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock worth $97,587,000 after purchasing an additional 1,058,569 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Robert Half during the 3rd quarter worth $1,204,000. Russell Investments Group Ltd. increased its position in Robert Half by 25.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 404,024 shares of the business services provider’s stock valued at $16,585,000 after buying an additional 82,645 shares in the last quarter. Quadrature Capital Ltd raised its stake in Robert Half by 531.4% in the second quarter. Quadrature Capital Ltd now owns 28,371 shares of the business services provider’s stock valued at $1,165,000 after buying an additional 23,878 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Robert Half by 7.4% in the second quarter. First Trust Advisors LP now owns 1,212,441 shares of the business services provider’s stock valued at $49,771,000 after buying an additional 83,232 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Key Stories Impacting Robert Half

Here are the key news stories impacting Robert Half this week:

About Robert Half

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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.

Further Reading

Analyst Recommendations for Robert Half (NYSE:RHI)

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