BMO Capital Markets Boosts Robert Half International Inc. (NYSE:RHI) Price Target to $49.00

Robert Half International Inc. (NYSE:RHI) had its price objective hoisted by BMO Capital Markets from $45.00 to $49.00 in a report released on Friday, July 14th. The brokerage currently has a market perform rating on the business services provider’s stock.

RHI has been the topic of several other reports. Zacks Investment Research raised Robert Half International from a sell rating to a hold rating in a report on Tuesday, March 21st. ValuEngine lowered Robert Half International from a buy rating to a hold rating in a report on Thursday, June 1st. Finally, Royal Bank Of Canada reiterated a hold rating on shares of Robert Half International in a research report on Friday, July 14th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Robert Half International presently has a consensus rating of Hold and an average target price of $47.25.

Robert Half International (NYSE:RHI) traded down 0.61% during midday trading on Friday, reaching $44.22. 1,139,476 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $47.71 and its 200-day moving average price is $47.43. The stock has a market cap of $5.51 billion, a PE ratio of 17.14 and a beta of 1.23. Robert Half International has a one year low of $34.42 and a one year high of $50.98.

Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. Equities analysts predict that Robert Half International will post $2.62 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.17%. Robert Half International’s payout ratio is presently 37.21%.

Large investors have recently modified their holdings of the stock. Parametrica Management Ltd purchased a new stake in shares of Robert Half International during the first quarter worth $229,000. Bank of Montreal Can boosted its position in Robert Half International by 113.2% in the first quarter. Bank of Montreal Can now owns 123,672 shares of the business services provider’s stock valued at $6,039,000 after buying an additional 65,665 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Robert Half International by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 41,172 shares of the business services provider’s stock valued at $2,010,000 after buying an additional 200 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in Robert Half International by 28.4% in the first quarter. Contravisory Investment Management Inc. now owns 5,430 shares of the business services provider’s stock valued at $265,000 after buying an additional 1,202 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Robert Half International by 66.0% in the fourth quarter. Macquarie Group Ltd. now owns 12,069 shares of the business services provider’s stock valued at $589,000 after buying an additional 4,800 shares during the last quarter. 87.30% of the stock is owned by institutional investors and hedge funds.

Robert Half International Company Profile

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.