BMO Capital Markets Cuts Robert Half (NYSE:RHI) Price Target to $32.00

Robert Half (NYSE:RHI) had its price target reduced by BMO Capital Markets from $35.00 to $32.00 in a report published on Tuesday morning, Marketbeat.com reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

Several other brokerages also recently issued reports on RHI. The Goldman Sachs Group raised their target price on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. UBS Group cut their price objective on Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, October 23rd. Barclays dropped their price target on Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Robert Half currently has a consensus rating of “Reduce” and a consensus target price of $33.13.

Robert Half Stock Up 3.2%

Shares of NYSE:RHI opened at $26.72 on Tuesday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 20.09 and a beta of 0.88. Robert Half has a 12 month low of $24.35 and a 12 month high of $61.16. The company’s fifty day simple moving average is $28.18 and its 200 day simple moving average is $30.56.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The business’s revenue was down 5.8% on a year-over-year basis. Research analysts expect that Robert Half will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 25th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.36 annualized dividend and a yield of 8.8%. Robert Half’s dividend payout ratio is presently 177.44%.

Institutional Trading of Robert Half

A number of hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares during the last quarter. Gilpin Wealth Management LLC acquired a new position in Robert Half during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Robert Half in the 2nd quarter valued at about $34,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Robert Half by 927.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock valued at $35,000 after buying an additional 770 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.