November 28, 2016 - By Vivian Park
In a a report sent to clients and investors on Monday, 28 November, RBC Capital Markets stated it was downgrading Robert Half International (NYSE:RHI) stock from a Outperform to a Sector Perform. The firm has a $46.00 price target on RHI’s stock.
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 9.20% above today’s ($44.47) stock price. Robert Half International has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Macquarie Research maintained it with “Neutral” rating and $50 target price in Friday, October 23 report. The firm has “Sell” rating given on Thursday, September 29 by Northcoast. The firm earned “Outperform” rating on Thursday, October 22 by RBC Capital Markets. The stock has “Underweight” rating given by Barclays Capital on Friday, October 23. Deutsche Bank downgraded Robert Half International Inc. (NYSE:RHI) rating on Wednesday, December 9. Deutsche Bank has “Hold” rating and $47 price target. Jefferies upgraded the shares of RHI in a report on Friday, July 31 to “Buy” rating. The firm has “Neutral” rating given on Wednesday, July 13 by Bank of America. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 18. The company was downgraded on Monday, October 3 by Credit Suisse. On Tuesday, March 22 the stock rating was initiated by Sterne Agee CRT with “Neutral”.
About 641,980 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 $83.33M for 17.37 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.
Trexquant Investment Ltd Partnership holds 0.14% or 27,814 shares in its portfolio. Grimes And Company has 0.61% invested in the company for 119,553 shares. Moreover, Stifel Finance has 0.1% invested in Robert Half International Inc. (NYSE:RHI) for 549,056 shares. Horizon Inv Svcs Ltd Com holds 2.12% of its portfolio in Robert Half International Inc. (NYSE:RHI) for 109,878 shares. Adage Capital Prtnrs Group Inc Ltd Liability Com accumulated 197,800 shares or 0.02% of the stock. Teacher Retirement System Of Texas has 0.02% invested in the company for 91,471 shares. Oakworth Cap has 0.05% invested in the company for 3,514 shares. Teachers Advsrs accumulated 187,584 shares or 0.01% of the stock. Herndon Management Limited Liability Company, a Georgia-based fund reported 1,213 shares. Panagora Asset Mgmt last reported 0.01% of its portfolio in the stock. Nationwide Fund Advsrs accumulated 0.02% or 93,805 shares. Moreover, Gam Ag has 0.02% invested in Robert Half International Inc. (NYSE:RHI) for 34,326 shares. Parametric Assocs Limited Liability Corporation has 0.03% invested in the company for 419,847 shares. Perkins Inv Mgmt Ltd reported 56,193 shares or 0.03% of all its holdings. Barbara Oil Com holds 0.37% or 12,000 shares in its portfolio.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 1 insider sale for $1.11 million net activity. On Wednesday, August 10 GLASS ROBERT W sold $1.11M worth of the stock or 30,061 shares.
Robert Half International Inc. provides specialized staffing and risk consulting services. The company has a market cap of $5.79 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 16.07 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.”
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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By Vivian Park