Robert Half International (RHI) PT Raised to $65.00

Robert Half International (NYSE:RHI) had its target price raised by Deutsche Bank from $58.00 to $65.00 in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on RHI. Macquarie downgraded Robert Half International from a neutral rating to an underperform rating and lowered their price target for the company from $56.66 to $42.00 in a report on Tuesday, December 5th. ValuEngine downgraded Robert Half International from a buy rating to a hold rating in a report on Friday, December 1st. Zacks Investment Research raised Robert Half International from a sell rating to a hold rating in a report on Thursday, October 26th. BMO Capital Markets upped their price target on Robert Half International from $49.00 to $53.00 and gave the company a market perform rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group upped their price target on Robert Half International from $40.00 to $41.00 and gave the company an underperform rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $53.70.

Robert Half International (NYSE RHI) opened at $55.54 on Thursday. The stock has a market capitalization of $7,070.00, a price-to-earnings ratio of 21.70 and a beta of 1.32. Robert Half International has a 1-year low of $42.92 and a 1-year high of $57.67.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. equities analysts predict that Robert Half International will post 2.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is presently 37.50%.

In related news, insider Robert W. Glass sold 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total transaction of $274,650.00. Following the completion of the sale, the insider now owns 321,428 shares in the company, valued at $17,656,040.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. increased its position in Robert Half International by 405.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after buying an additional 1,600 shares in the last quarter. Seven Eight Capital LP increased its position in Robert Half International by 134.7% in the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after buying an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia increased its position in Robert Half International by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after buying an additional 114 shares in the last quarter. Bremer Trust National Association purchased a new stake in Robert Half International in the third quarter worth about $205,000. Finally, Smithfield Trust Co. purchased a new stake in Robert Half International in the third quarter worth about $206,000. Institutional investors and hedge funds own 85.12% of the company’s stock.

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Robert Half International Company Profile

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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