Robert Half International Inc. (NYSE:RHI) was downgraded by investment analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday. They currently have a $46.00 price objective on the stock, up from their previous price objective of $41.00. RBC Capital Markets’ target price would suggest a potential upside of 1.63% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada downgraded Robert Half International from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $41.00 to $46.00 in a report on Monday. Zacks Investment Research upgraded Robert Half International from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, October 25th. Deutsche Bank AG set a $44.00 price target on Robert Half International and gave the company a “buy” rating in a report on Tuesday, October 18th. Macquarie initiated coverage on Robert Half International in a report on Thursday, August 25th. They issued a “neutral” rating and a $43.00 price target on the stock. Finally, William Blair downgraded Robert Half International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Robert Half International currently has a consensus rating of “Hold” and an average price target of $45.40.
Shares of Robert Half International (NYSE:RHI) traded down 1.33% on Monday, hitting $44.66. The stock had a trading volume of 469,161 shares. The company’s 50 day moving average price is $40.01 and its 200-day moving average price is $38.91. The company has a market cap of $5.70 billion, a P/E ratio of 16.12 and a beta of 1.05. Robert Half International has a 12 month low of $34.34 and a 12 month high of $52.22.
Robert Half International (NYSE:RHI) last issued its earnings results on Wednesday, October 26th. The company reported $0.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.71. The business earned $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. Robert Half International had a return on equity of 34.09% and a net margin of 6.79%. Robert Half International’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. On average, analysts expect that Robert Half International will post $2.70 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 1.94%. Robert Half International’s dividend payout ratio (DPR) is presently 31.77%.
Institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC bought a new position in shares of Robert Half International during the second quarter valued at about $55,821,000. First Manhattan Co. boosted its position in shares of Robert Half International by 498.2% in the second quarter. First Manhattan Co. now owns 1,470,465 shares of the company’s stock valued at $56,113,000 after buying an additional 1,224,632 shares during the period. Bank of Montreal Can bought a new position in shares of Robert Half International during the second quarter valued at about $37,277,000. Bamco Inc. NY boosted its position in shares of Robert Half International by 601.5% in the third quarter. Bamco Inc. NY now owns 1,016,792 shares of the company’s stock valued at $38,496,000 after buying an additional 871,840 shares during the period. Finally, PGGM Investments bought a new position in shares of Robert Half International during the second quarter valued at about $30,624,000. 84.43% of the stock is owned by institutional investors and hedge funds.
About Robert Half International