StockNews.com Downgrades Robert Half (NYSE:RHI) to Hold
StockNews.com downgraded Robert Half (NYSE:RHI) from a "buy" to a "hold" rating. JPMorgan Chase lowered its target price from $69 to $65, while Barclays reduced it from $80 to $50. Currently, Robert Half has a consensus rating of "Hold" with a target price of $69.92. The stock opened at $49.97, with a 52-week range of $44.97 to $78.41. Institutional investors own 92.41% of the company, which provides talent solutions and consulting services globally.
Robert Half (NYSE:RHI - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.
- Palantir Was Left Out of the S&P 500; It Still Looks Like a Buy
RHI has been the topic of several other research reports. JPMorgan Chase & Co. cut their target price on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Barclays dropped their price target on Robert Half from $80.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Finally, BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective on the stock in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.92.
Read Our Latest Research Report on RHI
Robert Half Stock Performance
- Upwork Capitalizes on the Growing AI Gig Economy
Shares of RHI opened at $49.97 on Tuesday. Robert Half has a 52-week low of $44.97 and a 52-week high of $78.41. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 20.48 and a beta of 1.13. The stock has a fifty day moving average price of $55.00 and a two-hundred day moving average price of $65.05.
Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, research analysts predict that Robert Half will post 2.48 EPS for the current fiscal year.
Institutional Investors Weigh In On Robert Half
- Robert Half International Stock is Jobs Boom Play
Several large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of 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 valued at $25,000 after acquiring an additional 313 shares during the period. Headlands Technologies LLC acquired a new position in Robert Half during the fourth quarter worth approximately $26,000. Signaturefd LLC raised its stake in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares during the period. GeoWealth Management LLC acquired a new stake in shares of Robert Half in the fourth quarter valued at approximately $35,000. Finally, Eastern Bank bought a new position in shares of Robert Half during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 92.41% of the company's stock.
Robert Half Company Profile
(Get Free Report)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.
See Also
- Five stocks we like better than Robert Half
- Energy and Oil Stocks Explained
- Why NVIDIA Stock Could Soar Despite Wall Street Downgrades
- How to Most Effectively Use the MarketBeat Earnings Screener
- Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or Hold
- What Does a Stock Split Mean?
- 3 Hot New IPOs Defying the 2025 Market Slump
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Robert Half Right Now?
Before you consider Robert Half, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robert Half wasn't on the list.
While Robert Half currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
