Robert Half International (RHI) Lowered to Underweight at Barclays

Barclays cut shares of Robert Half International (NYSE:RHI) from an overweight rating to an underweight rating in a report released on Monday, Marketbeat reports. They currently have $58.00 price target on the business services provider’s stock, down from their prior price target of $72.00.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Robert Half International from a hold rating to a buy rating and set a $64.00 price objective for the company in a research note on Thursday, October 25th. ValuEngine lowered Robert Half International from a buy rating to a hold rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. cut their price objective on Robert Half International from $82.00 to $78.00 and set an overweight rating for the company in a research note on Wednesday, October 24th. BMO Capital Markets boosted their price objective on Robert Half International from $68.00 to $70.00 and gave the stock a market perform rating in a research note on Wednesday, October 24th. Finally, Bank of America began coverage on Robert Half International in a research note on Tuesday, October 23rd. They set a buy rating and a $74.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Robert Half International presently has an average rating of Hold and a consensus target price of $67.23.

NYSE:RHI opened at $58.68 on Monday. Robert Half International has a 12 month low of $51.35 and a 12 month high of $79.91. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.25 and a beta of 1.31.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 23rd. The business services provider reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business earned $0.68 EPS. Robert Half International’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities analysts anticipate that Robert Half International will post 3.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, November 21st. Robert Half International’s dividend payout ratio is presently 43.08%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAM Holding AG lifted its holdings in Robert Half International by 3.0% in the second quarter. GAM Holding AG now owns 23,705 shares of the business services provider’s stock valued at $1,543,000 after acquiring an additional 690 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Robert Half International by 3.4% in the second quarter. Captrust Financial Advisors now owns 22,621 shares of the business services provider’s stock valued at $1,473,000 after acquiring an additional 737 shares during the last quarter. Raymond James & Associates lifted its holdings in Robert Half International by 0.6% in the second quarter. Raymond James & Associates now owns 144,372 shares of the business services provider’s stock valued at $9,399,000 after acquiring an additional 790 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Robert Half International by 14.2% in the third quarter. Pacer Advisors Inc. now owns 6,549 shares of the business services provider’s stock valued at $461,000 after acquiring an additional 816 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Robert Half International by 4.5% in the third quarter. Meeder Asset Management Inc. now owns 18,916 shares of the business services provider’s stock valued at $1,332,000 after acquiring an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

About Robert Half International

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.

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Analyst Recommendations for Robert Half International (NYSE:RHI)

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