Robert Half (NYSE:RHI) Given New $50.00 Price Target at Truist Financial

Robert Half (NYSE:RHI) had its target price upped by equities researchers at Truist Financial from $40.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price indicates a potential upside of 21.94% from the stock’s current price.

RHI has been the topic of a number of other reports. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group raised their target price on shares of Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Robert Half currently has a consensus rating of “Reduce” and a consensus target price of $32.88.

Robert Half Stock Performance

Shares of NYSE RHI traded down $0.15 during trading on Wednesday, hitting $41.01. The company had a trading volume of 460,762 shares, compared to its average volume of 2,847,461. Robert Half has a 12 month low of $21.83 and a 12 month high of $43.26. The firm has a market capitalization of $4.19 billion, a P/E ratio of 31.56 and a beta of 0.82. The stock has a 50 day simple moving average of $31.43 and a 200 day simple moving average of $28.18.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, analysts predict that Robert Half will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Robert Half

A number of large investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its holdings in Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 975 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Robert Half in the second quarter worth about $7,727,000. GAMMA Investing LLC boosted its position in shares of Robert Half by 95.1% during the second quarter. GAMMA Investing LLC now owns 7,255 shares of the business services provider’s stock valued at $223,000 after buying an additional 3,536 shares during the period. Versant Capital Management Inc boosted its holdings in Robert Half by 45.5% during the 2nd quarter. Versant Capital Management Inc now owns 14,816 shares of the business services provider’s stock valued at $455,000 after acquiring an additional 4,630 shares during the period. Finally, Basecamp Wealth Advisors LLC grew its position in Robert Half by 19.4% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 351 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.