Noteworthy Rating Filing: RBC Capital Reports Downgrade of Robert Half (RHI) with $46.0 Target Price

November 28, 2016 - By whatsonthorold

Noteworthy Rating Filing:  RBC Capital Reports Downgrade of Robert Half (RHI) with $46.0 Target Price

Robert Half (RHI) Downgrade

RBC Capital gave Robert Half (RHI) shares a new “Sector Perform” rating in a an analyst note issued on Monday, 28 November. This is downgrade from the old “Outperform” rating. The firm currently has a $46.0 target on firm, suggesting 1.63% upside potential.

Robert Half International Inc. (NYSE:RHI) Ratings Coverage

Out of 4 analysts covering Robert Half (RHI), 1 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 25% are positive. $44.0 is the highest target while $43.0 is the lowest. The $43.50 average target is -3.89% below today’s ($45.26) stock price. Robert Half has been the topic of 4 analyst reports since August 18, 2016 according to StockzIntelligence Inc. Deutsche Bank initiated it with “Buy” rating and $44.0 target price in Thursday, August 18 report. Macquarie Research initiated Robert Half International Inc. (NYSE:RHI) rating on Friday, August 26. Macquarie Research has “Neutral” rating and $43.0 price target. Credit Suisse downgraded the shares of RHI in a report on Monday, October 3 to “Underperform” rating. Northcoast downgraded the shares of RHI in a report on Thursday, September 29 to “Sell” rating.

The stock increased 1.03% or $0.46 on November 25, hitting $45.26. Robert Half International Inc. (RHI) has risen 3.55% since April 25, 2016 and is uptrending. It has underperformed by 2.47% the S&P500.

Analysts await Robert Half International Inc. (NYSE:RHI) to report earnings on February, 7. They expect $0.64 EPS, down 9.86% or $0.07 from last year’s $0.71 per share. RHI’s profit will be $83.29M for 17.68 P/E if the $0.64 EPS becomes a reality. After $0.71 actual EPS reported by Robert Half International Inc. for the previous quarter, Wall Street now forecasts -9.86% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.02, from 1.1 in 2016Q1. The ratio is positive, as 50 funds sold all Robert Half International Inc. shares owned while 137 reduced positions. 50 funds bought stakes while 155 increased positions. They now own 107.34 million shares or 7.60% less from 116.16 million shares in 2016Q1.

Kistler owns 37 shares or 0% of their US portfolio. Princeton Alpha Mngmt Lp has 37,662 shares for 0.26% of their US portfolio. Teachers Advsr Incorporated holds 0.01% of its portfolio in Robert Half International Inc. (NYSE:RHI) for 187,584 shares. Deutsche Bank Ag has invested 0.02% of its portfolio in Robert Half International Inc. (NYSE:RHI). Timessquare Lc holds 0.23% or 923,200 shares in its portfolio. Tower Cap Ltd Liability Com (Trc) last reported 1,360 shares in the company. Ontario Teachers Pension Plan Board, a Ontario – Canada-based fund reported 104,287 shares. Shell Asset Management holds 0.01% of its portfolio in Robert Half International Inc. (NYSE:RHI) for 6,211 shares. Sandy Spring Natl Bank has 276 shares for 0% of their US portfolio. Phocas Fincl Corp has 102,320 shares for 0.28% of their US portfolio. Moreover, Brown Mngmt Lc has 0.06% invested in Robert Half International Inc. (NYSE:RHI) for 96,807 shares. The Pennsylvania-based Brandywine Glob Management Ltd Liability Corp has invested 0.03% in Robert Half International Inc. (NYSE:RHI). Sumitomo Mitsui Holdg Incorporated last reported 377,412 shares in the company. Wellington Management Group Llp has 0.05% invested in the company for 4.88 million shares. The Massachusetts-based Hall Laurie J Trustee has invested 0% in Robert Half International Inc. (NYSE:RHI).

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 1 insider sale for $1.11 million net activity. $1.11M worth of shares were sold by GLASS ROBERT W on Wednesday, August 10.

Robert Half International Inc. provides specialized staffing and risk consulting services. The company has a market cap of $5.89 billion. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It has a 16.36 P/E ratio. It operates through three divisions: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.

According to Zacks Investment Research, “Robert Half International Inc. is the world’s largest specialized provider of temporary and permanent personnel in the fields of accounting and finance. Its divisions include ACCOUNTEMPS-Registered Trademark- and ROBERT HALF-Registered Trademark-, providers of temporary and permanent personnel, respectively, in the fields of accounting and finance.”

RHI Company Profile

Robert Half International Inc., incorporated on October 18, 1979, provides specialized staffing and risk consulting services through the Company’s divisions, such as Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. The Firm operates through three divisions: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services. The Company, through its Accountemps, Robert Half Finance & Accounting and Robert Half Management Resources divisions, is a specialized well-known provider of temporary, full-time, and project professionals in the fields of accounting and finance. The Company’s OfficeTeam specializes in skilled temporary administrative support personnel. The Company’s Robert Half Technology provides information technology (IT) professionals. The Company’s Robert Half Legal provides temporary, project and full-time staffing of attorneys and specialized support personnel within law firms and corporate legal departments. The Creative Group provides project staffing in the interactive media, design, and marketing fields. Protiviti is a global business consulting and internal audit firm. Protiviti primarily employs professionals specializing in risk, advisory and transactional services. Protiviti Inc. is the subsidiary of the Company.

More notable recent Robert Half International Inc. (NYSE:RHI) news were published by: Forbes.com which released: “Robert Half International Reaches Analyst Target Price” on November 14, 2016, also Fool.com with their article: “Why Shares of Robert Half International Inc. Tumbled Today” published on July 27, 2016, Nasdaq.com published: “Robert Half International Inc. (RHI) Ex-Dividend Date Scheduled for November …” on November 21, 2016. More interesting news about Robert Half International Inc. (NYSE:RHI) were released by: Prnewswire.com and their article: “Robert Half Announces Quarterly Dividend” published on November 01, 2016 as well as Prnewswire.com‘s news article titled: “Robert Half Announces Schedule For Third-Quarter Earnings Results And …” with publication date: October 19, 2016.

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