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.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/14/robert-half-international-rhi-given-new-58-00-price-target-at-bmo-capital-markets.html.
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.
Receive News & Ratings for Robert Half International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International and related companies with MarketBeat.com's FREE daily email newsletter.