Robert Half International (RHI) Shares Gap Up Following Analyst Upgrade

Share on StockTwits

Shares of Robert Half International Inc. (NYSE:RHI) gapped up prior to trading on Thursday after ValuEngine upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $65.24, but opened at $65.19. Robert Half International shares last traded at $64.35, with a volume of 531129 shares trading hands.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Thursday, October 25th. Bank of America started coverage on shares of Robert Half International in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price target on the stock. Nomura lowered their price target on shares of Robert Half International to $80.00 and set a “buy” rating on the stock in a report on Wednesday, January 16th. SunTrust Banks increased their price target on shares of Robert Half International to $70.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, BMO Capital Markets increased their price target on shares of Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $69.30.

A number of large investors have recently bought and sold shares of RHI. Swedbank acquired a new position in Robert Half International during the third quarter worth $99,177,000. Vanguard Group Inc raised its position in Robert Half International by 7.8% during the third quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock worth $1,026,877,000 after acquiring an additional 1,053,543 shares during the period. Wedge Capital Management L L P NC acquired a new position in Robert Half International during the third quarter worth $33,653,000. AQR Capital Management LLC raised its position in Robert Half International by 8.4% during the third quarter. AQR Capital Management LLC now owns 5,449,282 shares of the business services provider’s stock worth $383,520,000 after acquiring an additional 423,389 shares during the period. Finally, Morgan Stanley raised its position in Robert Half International by 37.3% during the third quarter. Morgan Stanley now owns 1,558,820 shares of the business services provider’s stock worth $109,710,000 after acquiring an additional 423,215 shares during the period. Institutional investors own 92.08% of the company’s stock.

The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23.

Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, January 29th. The business services provider reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Robert Half International had a net margin of 7.49% and a return on equity of 39.15%. On average, research analysts predict that Robert Half International Inc. will post 3.92 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4116550/robert-half-international-rhi-shares-gap-up-following-analyst-upgrade.html.

Robert Half International Company Profile (NYSE:RHI)

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

Featured Article: How are the companies in the S&P 500 selected?

Receive News & Ratings for Robert Half International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Pebblebrook Hotel Trust  Increases Dividend to $0.38 Per Share
Pebblebrook Hotel Trust Increases Dividend to $0.38 Per Share
APN Industria REIT  To Go Ex-Dividend on March 28th
APN Industria REIT To Go Ex-Dividend on March 28th
Volution Group PLC  Announces Dividend of GBX 1.60
Volution Group PLC Announces Dividend of GBX 1.60
Insider Selling: Ambarella Inc  VP Sells 3,700 Shares of Stock
Insider Selling: Ambarella Inc VP Sells 3,700 Shares of Stock
iShares Morningstar Mid-Cap Value ETF  Shares Bought by MML Investors Services LLC
iShares Morningstar Mid-Cap Value ETF Shares Bought by MML Investors Services LLC
Zacks: Analysts Expect Cloudera Inc  Will Announce Earnings of -$0.23 Per Share
Zacks: Analysts Expect Cloudera Inc Will Announce Earnings of -$0.23 Per Share


© 2006-2019 Ticker Report