Robert Half Inc. (NYSE:RHI) Receives $31.75 Consensus Target Price from Brokerages

Robert Half Inc. (NYSE:RHI) has been assigned an average rating of “Reduce” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $31.75.

A number of research firms have commented on RHI. JPMorgan Chase & Co. lifted their price objective on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. BMO Capital Markets decreased their price objective on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Barclays decreased their price objective on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Finally, Truist Financial lifted their price objective on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th.

Hedge Funds Weigh In On Robert Half

Institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC grew its holdings in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares during the last quarter. Gilpin Wealth Management LLC bought a new position in shares of Robert Half during the fourth quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Robert Half during the second quarter valued at approximately $34,000. Fifth Third Bancorp increased its holdings in shares of Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after acquiring an additional 664 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of Robert Half in the 3rd quarter worth about $37,000. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Performance

Shares of RHI stock opened at $24.88 on Thursday. Robert Half has a one year low of $21.83 and a one year high of $51.55. The company’s 50-day simple moving average is $25.76 and its 200-day simple moving average is $27.81. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.71 and a beta of 0.85.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, research analysts forecast that Robert Half will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 9.5%. Robert Half’s dividend payout ratio is 177.44%.

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.