Truist Financial Lowers Robert Half (NYSE:RHI) Price Target to $60.00

Robert Half (NYSE:RHI - Get Free Report) had its price target reduced by stock analysts at Truist Financial from $90.00 to $60.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. Truist Financial's price target would indicate a potential upside of 32.15% from the stock's current price.

A number of other analysts have also recently commented on RHI. StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Barclays reduced their price target on Robert Half from $80.00 to $50.00 and set an "equal weight" rating for the company in a 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 target on the stock in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $64.92.

Robert Half Stock Performance

Shares of NYSE RHI traded down $2.57 during mid-day trading on Tuesday, hitting $45.40. The stock had a trading volume of 2,995,106 shares, compared to its average volume of 1,448,735. Robert Half has a 1 year low of $44.97 and a 1 year high of $78.41. The business has a 50 day moving average price of $53.97 and a two-hundred day moving average price of $64.50. The firm has a market cap of $4.63 billion, a P/E ratio of 18.61 and a beta of 1.13.

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 the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities research analysts predict that Robert Half will post 2.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Robert Half

Several large investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Robert Half by 613.7% in the fourth 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 bought a new position in Robert Half in the fourth quarter worth approximately $26,000. Signaturefd LLC grew 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 purchasing an additional 239 shares during the last quarter. CX Institutional purchased a new stake in Robert Half during the first quarter valued at approximately $33,000. Finally, Eastern Bank acquired a new stake in Robert Half in the fourth quarter worth about $35,000. Institutional investors own 92.41% of the company's stock.

About Robert Half

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.