Rating On Watch: RBC Capital Gives Robert Half International Inc (NYSE:RHI) Lower Rating. What Is Next?

November 28, 2016 - By Linda Rogers

Rating On Watch: RBC Capital Gives Robert Half International Inc (NYSE:RHI) Lower Rating. What Is Next?

Robert Half International Inc (NYSE:RHI) Downgrade

In a a report revealed to clients and investors on 28 November, RBC Capital has decreased Robert Half International Inc (NYSE:RHI) stock to “Sector Perform”. RHI’s old rating was “Outperform”.

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

Out of 11 analysts covering Robert Half International (NYSE:RHI), 3 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 27% are positive. $64 is the highest target while $33 is the lowest. The $48.56 average target is 8.98% above today’s ($44.56) stock price. Robert Half International has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Robert Half International Inc. (NYSE:RHI) earned “Buy” rating by Deutsche Bank on Thursday, August 18. The rating was downgraded by Bank of America on Wednesday, July 13 to “Neutral”. The company was downgraded on Tuesday, July 28 by Barclays Capital. As per Thursday, September 29, the company rating was downgraded by Northcoast. RBC Capital Markets maintained it with “Outperform” rating and $64 target price in Thursday, October 22 report. The firm has “Buy” rating given on Friday, July 31 by Jefferies. On Wednesday, April 27 the stock rating was downgraded by Avondale to “Market Perform”. On Wednesday, July 27 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The firm earned “Neutral” rating on Friday, August 26 by Macquarie Research. The firm has “Neutral” rating given on Tuesday, March 22 by Sterne Agee CRT.

About 595,915 shares traded hands. Robert Half International Inc. (NYSE: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 $83.30M for 17.41 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 increased, 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.

Schwab Charles Invest Management, a California-based fund reported 519,564 shares. Kbc Grp Incorporated Nv accumulated 0.01% or 13,871 shares. Bb&T has invested 0.05% of its portfolio in Robert Half International Inc. (NYSE:RHI). Martingale Asset Mngmt Limited Partnership holds 0% of its portfolio in Robert Half International Inc. (NYSE:RHI) for 7,177 shares. M&T Bankshares Corporation holds 0% or 11,426 shares in its portfolio. Commonwealth Bankshares Of Australia accumulated 0% or 1,200 shares. Wetherby Asset Management Inc holds 0.05% or 5,755 shares in its portfolio. Guardian Life Insurance Of America holds 0% of its portfolio in Robert Half International Inc. (NYSE:RHI) for 491 shares. Exane Derivatives has invested 0% of its portfolio in Robert Half International Inc. (NYSE:RHI). Manufacturers Life Ins The accumulated 158,407 shares or 0.01% of the stock. Franklin accumulated 0.03% or 1.25 million shares. Lazard Asset accumulated 0% or 52 shares. Virginia Retirement Sys Et Al accumulated 193,200 shares or 0.11% of the stock. California State Teachers Retirement Sys has invested 0.02% of its portfolio in Robert Half International Inc. (NYSE:RHI). Creative Planning reported 2,686 shares or 0% of all its holdings.

Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 1 insider sale for $1.11 million net activity. GLASS ROBERT W had sold 30,061 shares worth $1.11M.

Robert Half International Inc. provides specialized staffing and risk consulting services. The company has a market cap of $5.80 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 16.1 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 important 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 published article titled: “Why Shares of Robert Half International Inc. Tumbled Today”, 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) was released by: Prnewswire.com and their article: “Robert Half Announces Quarterly Dividend” with publication date: November 01, 2016.

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