Robert Half (NYSE:RHI) Price Target Cut to $60.00 by Analysts at Truist Financial

Robert Half (NYSE:RHI) had its target price reduced by investment analysts at Truist Financial from $90.00 to $60.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price target indicates a potential upside of 23.67% from the company’s current price.

Several other analysts have also weighed in on RHI. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Barclays lowered their target price on Robert Half from $80.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.92.

Robert Half Stock Performance

Shares of Robert Half stock traded down $1.42 during trading on Tuesday, reaching $48.52. The company had a trading volume of 130,947 shares, compared to its average volume of 1,434,395. Robert Half has a fifty-two week low of $44.97 and a fifty-two week high of $78.41. The firm’s fifty day moving average is $55.00 and its 200-day moving average is $65.05. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 19.88 and a beta of 1.13.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, research analysts anticipate that Robert Half will post 2.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Robert Half

A number of hedge funds have recently made changes to their positions in RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Robert Half in the fourth quarter worth $26,000. Signaturefd LLC increased its holdings in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 239 shares during the period. Eastern Bank acquired a new position in shares of Robert Half during the fourth quarter valued at $35,000. Finally, GeoWealth Management LLC acquired a new stake in Robert Half in the fourth quarter worth about $35,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.