Robert Half (NYSE:RHI) Upgraded to "Buy" at StockNews.com

Robert Half (NYSE:RHI - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

Several other brokerages have also weighed in on RHI. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and lifted their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. dropped their price objective on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Finally, BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.92.

Robert Half Price Performance

Shares of NYSE RHI traded up $0.97 on Monday, hitting $49.47. The company's stock had a trading volume of 1,060,482 shares, compared to its average volume of 1,439,875. The stock has a 50 day moving average of $55.51 and a 200-day moving average of $65.30. Robert Half has a 12-month low of $44.97 and a 12-month high of $78.41. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 20.27 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 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Sell-side analysts expect that Robert Half will post 2.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Robert Half

Several institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC increased its stake in Robert Half by 11.1% during the 3rd quarter. HighTower Advisors LLC now owns 36,048 shares of the business services provider's stock worth $2,436,000 after buying an additional 3,606 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Robert Half by 91.1% in the third quarter. Quantinno Capital Management LP now owns 59,765 shares of the business services provider's stock worth $4,029,000 after acquiring an additional 28,490 shares in the last quarter. National Bank of Canada FI boosted its holdings in Robert Half by 1,344.7% in the third quarter. National Bank of Canada FI now owns 37,215 shares of the business services provider's stock valued at $2,509,000 after purchasing an additional 34,639 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Robert Half during the 3rd quarter worth approximately $263,000. Finally, MML Investors Services LLC acquired a new position in shares of Robert Half in the 3rd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Company Profile

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.