BMO Capital Markets Boosts Robert Half International (NYSE:RHI) Price Target to $58.00

Robert Half International (NYSE:RHI) had its target price upped by BMO Capital Markets from $53.00 to $58.00 in a research note issued to investors on Friday, December 29th, Marketbeat reports. They currently have a market perform rating on the business services provider’s stock.

A number of other equities analysts have also issued reports on RHI. ValuEngine raised shares of Robert Half International from a hold rating to a buy rating in a research report on Friday, September 22nd. SunTrust Banks lowered shares of Robert Half International from a buy rating to a hold rating and set a $52.00 target price on the stock. in a research report on Wednesday, October 11th. Royal Bank of Canada reaffirmed a hold rating on shares of Robert Half International in a research report on Friday, October 13th. Zacks Investment Research lowered shares of Robert Half International from a hold rating to a sell rating in a report on Friday, October 20th. Finally, Robert W. Baird boosted their price target on shares of Robert Half International from $50.00 to $55.00 and gave the company an outperform rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Robert Half International has an average rating of Hold and an average target price of $53.67.

Shares of Robert Half International (NYSE:RHI) opened at $56.36 on Friday. Robert Half International has a one year low of $42.92 and a one year high of $57.67. The stock has a market cap of $7,110.00, a P/E ratio of 22.02 and a beta of 1.33.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities research analysts expect that Robert Half International will post 2.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a $0.24 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.70%. Robert Half International’s dividend payout ratio is presently 37.50%.

In related news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $52.31, for a total transaction of $5,231,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert W. Glass sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $54.93, for a total transaction of $274,650.00. Following the transaction, the insider now owns 321,428 shares in the company, valued at approximately $17,656,040.04. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. raised its holdings in Robert Half International by 405.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after purchasing an additional 1,600 shares during the last quarter. Seven Eight Capital LP raised its holdings in Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,400 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after purchasing an additional 114 shares during the last quarter. Bremer Trust National Association bought a new stake in Robert Half International during the 3rd quarter worth about $205,000. Finally, Smithfield Trust Co. bought a new stake in Robert Half International during the 3rd quarter worth about $206,000. 85.19% of the stock is owned by hedge funds and other institutional investors.

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About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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