Robert Half (NYSE:RHI) Price Target Lowered to $65.00 at JPMorgan Chase & Co.

Robert Half (NYSE:RHI) had its target price decreased by JPMorgan Chase & Co. from $69.00 to $65.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 0.12% from the company’s current price.

A number of other brokerages also recently issued reports on RHI. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research note on Monday, December 16th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.67.

Robert Half Price Performance

Shares of RHI stock opened at $64.92 on Thursday. The firm has a 50-day moving average of $71.39 and a 200-day moving average of $67.92. Robert Half has a one year low of $57.05 and a one year high of $83.25. The company has a market cap of $6.70 billion, a P/E ratio of 26.61 and a beta of 1.24.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 16.87%. As a group, research analysts expect that Robert Half will post 2.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of Robert Half in the third quarter worth $27,000. Private Trust Co. NA boosted its stake in Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. Reston Wealth Management LLC bought a new position in Robert Half in the 3rd quarter worth about $34,000. Eastern Bank purchased a new position in Robert Half during the 4th quarter valued at about $35,000. Finally, GAMMA Investing LLC increased its position in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after buying an additional 179 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.