Today: Robert Half International Inc. (RHI) Cut to “Sector Perform” at Royal Bank Of Canada

Today: Robert Half International Inc. (RHI) Cut to “Sector Perform” at Royal Bank Of Canada

Robert Half International Inc. (NYSE:RHI) was downgraded by stock analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report released on Monday. They presently have a $46.00 price target on the stock, up from their prior price target of $41.00. Royal Bank Of Canada’s target price would suggest a potential upside of 1.63% from the stock’s previous close.

A number of other brokerages have also issued reports on RHI. William Blair lowered Robert Half International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. Zacks Investment Research raised Robert Half International from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, October 25th. Northcoast Research lowered Robert Half International from a “neutral” rating to a “sell” rating in a research report on Thursday, September 29th. Macquarie began coverage on Robert Half International in a research report on Thursday, August 25th. They issued a “neutral” rating and a $43.00 target price on the stock. Finally, Deutsche Bank AG set a $44.00 target price on Robert Half International and gave the company a “buy” rating in a research report on Tuesday, October 18th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Robert Half International presently has a consensus rating of “Hold” and an average target price of $45.13.

Shares of Robert Half International (NYSE:RHI) opened at 45.26 on Monday. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 16.33 and a beta of 1.05. Robert Half International has a one year low of $34.34 and a one year high of $52.22. The stock’s 50 day moving average price is $40.01 and its 200 day moving average price is $38.91.

Robert Half International (NYSE:RHI) last announced its earnings results on Wednesday, October 26th. The company reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $1.34 billion for 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%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. Analysts forecast 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. Shareholders of record on Friday, November 25th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $0.88 annualized dividend and a yield of 1.94%. Robert Half International’s dividend payout ratio is presently 31.77%.

A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in Robert Half International by 0.7% in the first quarter. LPL Financial LLC now owns 37,545 shares of the company’s stock valued at $1,699,000 after buying an additional 245 shares in the last quarter. Royal Bank of Canada increased its position in Robert Half International by 246.1% in the first quarter. Royal Bank of Canada now owns 408,273 shares of the company’s stock valued at $19,016,000 after buying an additional 290,318 shares in the last quarter. First Republic Investment Management Inc. increased its position in Robert Half International by 46.7% in the first quarter. First Republic Investment Management Inc. now owns 14,209 shares of the company’s stock valued at $661,000 after buying an additional 4,525 shares in the last quarter. Barnett & Company Inc. bought a new position in Robert Half International during the first quarter valued at about $214,000. Finally, Exxonmobil Investment Management Inc. TX increased its position in Robert Half International by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 33,992 shares of the company’s stock valued at $1,297,000 after buying an additional 2,058 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

About Robert Half International

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