Robert Half International (NYSE:RHI) Stock Rating Lowered by Bank of America

Robert Half International (NYSE:RHIGet Rating) was downgraded by stock analysts at Bank of America from a “buy” rating to an “underperform” rating in a report issued on Thursday, The Fly reports.

Several other research firms have also weighed in on RHI. BMO Capital Markets lowered Robert Half International from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $125.00 to $80.00 in a research note on Thursday, May 26th. CL King raised their price objective on Robert Half International from $128.00 to $132.00 in a research note on Wednesday, April 27th. Finally, StockNews.com lowered Robert Half International from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $119.60.

Shares of NYSE:RHI opened at $80.11 on Thursday. The company has a market cap of $8.85 billion, a PE ratio of 13.60, a P/E/G ratio of 1.30 and a beta of 1.46. The company’s 50-day moving average price is $93.80 and its 200 day moving average price is $106.84. Robert Half International has a fifty-two week low of $76.69 and a fifty-two week high of $125.77.

Robert Half International (NYSE:RHIGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.05. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Robert Half International had a net margin of 9.54% and a return on equity of 48.53%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Robert Half International will post 6.4 EPS for the current fiscal year.

In other Robert Half International news, CEO Paul F. Gentzkow sold 50,000 shares of Robert Half International stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $92.87, for a total transaction of $4,643,500.00. Following the completion of the transaction, the chief executive officer now directly owns 275,751 shares of the company’s stock, valued at $25,608,995.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Large investors have recently modified their holdings of the business. Consolidated Planning Corp bought a new stake in Robert Half International during the 3rd quarter worth about $26,000. Steward Financial Group LLC bought a new stake in Robert Half International during the 1st quarter worth about $29,000. Covestor Ltd bought a new stake in Robert Half International during the 4th quarter worth about $30,000. UMB Bank N A MO bought a new position in shares of Robert Half International in the 4th quarter valued at about $39,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of Robert Half International in the 4th quarter valued at about $44,000. 86.40% of the stock is currently owned by hedge funds and other institutional investors.

About Robert Half International (Get Rating)

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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.

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