RBC Capital Markets Lowers Robert Half International Inc. (RHI) to Sector Perform
RBC Capital Markets downgraded shares of Robert Half International Inc. (NYSE:RHI) from an outperform rating to a sector perform rating in a research report report published on Monday morning. The firm currently has $46.00 target price on the stock, up from their prior target price of $41.00. The analysts noted that the move was a valuation call.
A number of other analysts also recently commented on RHI. Royal Bank Of Canada downgraded Robert Half International from an outperform rating to a sector perform rating and increased their price target for the company from $41.00 to $46.00 in a research report on Monday. Zacks Investment Research raised Robert Half International from a hold rating to a buy rating and set a $43.00 price target for the company in a research report on Tuesday, October 25th. Deutsche Bank AG set a $44.00 target price on Robert Half International and gave the stock a buy rating in a research report on Tuesday, October 18th. Macquarie assumed coverage on Robert Half International in a research report on Thursday, August 25th. They issued a neutral rating and a $43.00 target price for the company. Finally, William Blair downgraded Robert Half International from an outperform rating to a market perform rating in a research report on Thursday, October 27th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $45.40.
Shares of Robert Half International (NYSE:RHI) opened at 44.87 on Monday. The stock’s 50 day moving average price is $40.20 and its 200-day moving average price is $38.95. The company has a market capitalization of $5.73 billion, a P/E ratio of 16.19 and a beta of 1.05. Robert Half International has a 52-week low of $34.34 and a 52-week high of $52.22.
Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. Robert Half International had a return on equity of 34.09% and a net margin of 6.79%. Robert Half International’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.73 earnings per share. On average, equities analysts expect that Robert Half International will post $2.70 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.96%. The ex-dividend date is Tuesday, November 22nd. Robert Half International’s dividend payout ratio is 31.77%.
A number of large investors have recently bought and sold shares of RHI. Creative Planning raised its stake in Robert Half International by 1.2% in the second quarter. Creative Planning now owns 2,686 shares of the company’s stock valued at $102,000 after buying an additional 33 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Robert Half International during the second quarter valued at about $134,000. Synovus Financial Corp raised its stake in shares of Robert Half International by 0.4% in the second quarter. Synovus Financial Corp now owns 3,650 shares of the company’s stock valued at $137,000 after buying an additional 16 shares during the period. Toronto Dominion Bank raised its stake in shares of Robert Half International by 428.7% in the third quarter. Toronto Dominion Bank now owns 3,812 shares of the company’s stock valued at $144,000 after buying an additional 3,091 shares during the period. Finally, Oakworth Capital Inc. raised its stake in shares of Robert Half International by 18.1% in the second quarter. Oakworth Capital Inc. now owns 3,514 shares of the company’s stock valued at $146,000 after buying an additional 538 shares during the period. 84.43% of the stock is owned by 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.