Royal Bank of Canada set a $65.00 price target on Robert Half International (NYSE:RHI) in a research note released on Friday morning, TipRanks reports. The firm currently has a hold rating on the business services provider’s stock.
Other equities research analysts also recently issued research reports about the company. Credit Suisse Group cut their price objective on Robert Half International from $54.00 to $53.00 and set an underperform rating on the stock in a report on Thursday. BMO Capital Markets raised their price objective on Robert Half International from $55.00 to $57.00 and gave the company a market perform rating in a report on Thursday. William Blair reissued a market perform rating on shares of Robert Half International in a report on Friday, September 20th. CL King began coverage on Robert Half International in a report on Monday. They set a buy rating and a $70.00 price objective on the stock. Finally, Barclays reaffirmed a sell rating and set a $55.00 target price on shares of Robert Half International in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $62.63.
Shares of RHI traded up $1.27 during midday trading on Friday, hitting $59.19. The company’s stock had a trading volume of 627,617 shares, compared to its average volume of 1,204,855. Robert Half International has a one year low of $51.90 and a one year high of $69.08. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36. The company’s fifty day simple moving average is $54.98 and its two-hundred day simple moving average is $57.35.
Robert Half International (NYSE:RHI) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.01. Robert Half International had a return on equity of 41.71% and a net margin of 7.56%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the business posted $0.95 EPS. Robert Half International’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that Robert Half International will post 3.91 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Robert Half International by 1.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 365,893 shares of the business services provider’s stock valued at $20,860,000 after buying an additional 3,600 shares in the last quarter. Fiduciary Management Inc. WI increased its holdings in Robert Half International by 65.1% during the 2nd quarter. Fiduciary Management Inc. WI now owns 847,584 shares of the business services provider’s stock worth $48,321,000 after purchasing an additional 334,345 shares in the last quarter. Ossiam bought a new stake in Robert Half International during the 2nd quarter worth approximately $263,000. OMERS ADMINISTRATION Corp increased its holdings in Robert Half International by 785.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 92,100 shares of the business services provider’s stock worth $5,322,000 after purchasing an additional 81,700 shares in the last quarter. Finally, GW Henssler & Associates Ltd. bought a new stake in Robert Half International during the 2nd quarter worth approximately $496,000. 95.57% of the stock is owned by hedge funds and other institutional investors.
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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