According to Briefing.com, research analysts at BNP Paribas began covering Robert Half International’s (NYSE: RHI) shares on Thursday in a research note distributed to clients and investors in the company’s stock market. Both a rating of “underperform” and a price objective of $70.00 have been placed by the investment company on the shares of the business services provider distributed to clients and investors in the company’s stock market. Both a rating of “underperform” and a price objective of $70.00 have been placed by the investment company on the shares of the business services provider. The target price established by BNP Paribas indicates a decrease of 5.33% relative to the stock’s most recent price compared to most recent price.
RHI has been highlighted as a primary topic of discussion in recent reports compiled by a wide range of additional authorities. The price objective for Robert Half International was reduced from $80.00 to $70.00 in a research report made public by Barclays on Monday, October 24. In addition, an “equal weight” rating was assigned to the stock. On Wednesday, October 12, StockNews.com began reporting on Robert Half International through the lens of its shares. They suggested to the investors that the best action would be to “buy” the shares. In a research note published on Friday, October 21, JPMorgan Chase & Co. lowered its price objective for Robert Half International from $89.00 to $76.00 and lowered the stock’s rating from “overweight” to “neutral.” Both of these moves were made about the company’s stock. The note discussed Robert Half International’s stock and related matters. The target price for Robert Half International was reduced from $68.00 to $63.00 in a research report distributed by Credit Suisse Group on Friday, October 21.
Additionally, a rating of “underperform” was assigned to the stock during that period. Robert W. Baird decreased their price objective for Robert Half International from $95.00 to $880.00 in a research report published on Friday, October 21. This was the third and final change, and it was also the most significant. There are currently four analysts who think that the stock should be sold, three who think that the stock should be held onto, and one who thinks that the stock should be purchased. According to Bloomberg, the company’s current rating given by the market is “Hold,” and market analysts anticipate it will reach an average price of $77.78 in the near future. This prediction is based on the company’s historical performance.
RHI’s stock price fell to $73.94 by the end of trading on Thursday, a loss of $1.56 from its previous closing price. The number of shares that changed hands was 9,883, significantly less than the company’s daily volume, an average of 679,835 shares. Robert Half International hit a low point over the past year of $65.40, while the company reached a high point over the past year of $125.77. The company’s moving average over the past 50 days is $75.28, and the moving average over the past 200 days is $77.11. The number of traded shares was 9,883, which is lower than the company’s daily volume, which is typically 679,835. Robert Half International hit a low point over the past year of $65.40, while the company reached a high point over the past year of $125.77. The moving average over the past 50 days for the company is $75.28, and the moving average over the past 200 days is $77.11. It has a market value of $8.02 billion and a price-to-earnings ratio of 12.05. The P/E/G ratio for this investment comes in at 6.55, and its beta value is 1.28.
Robert Half International (NYSE: RHI) announced the results of its earnings report for the third quarter on Thursday, October 20. The company announced earnings per share for the quarter of $1.53, which came in significantly lower than the consensus projection of $1.65, which was a difference of $0.12. The return on equity for Robert Half International came in at 46.83%, while the net margin for the company was 9.31%. The company’s sales for the quarter came in at $1.83 billion, which is lower than the industry’s estimated $1.91 billion. Compared to the current year, the company had earnings of $1.53 per share during the year before. Compared to the same period the previous year, the third quarter of this year saw a 7.0% increase in revenue for the company. The current financial year is expected to result in a profit of $6.01 per share for Robert Half International. These projections are based on the opinions of market analysts.
In addition, Robert W. Glass, Executive Vice President of Robert Half International, sold 15,000 shares of the company’s stock on November 11. There was a total sales volume of 1,212,600 dollars worth of shares sold at an average price of $80.84 per share. After the completion of the transaction, the executive vice president now directly owns 232,349 shares of the company. Based on the current stock price, these shares are estimated to be worth approximately $18,783,093.16. If you follow this link, you will be taken to the SEC filing in which the sale was disclosed. Please click on the link to proceed. Company insiders own 2.80% of the total shares currently outstanding.
Recent changes in the proportion of RHI shares held by large investors have included increases and decreases in the proportion held by large investors. Salem Investment Counselors, Inc. invested approximately $28,000 during the second quarter to acquire a larger share of Robert Half International. This was done to expand the company’s ownership. Venture Visionary Partners LLC made a new investment of $29,000 during the second quarter to acquire a holding in Robert Half International. Spire Wealth Management spent $29,000 to acquire a new share of Robert Half International during the third quarter of the fiscal year. Tom was promoted to a new job at Robert Half International and an increase in salary to the vicinity of $30,000 during the year’s second quarter. Last but certainly not least, Ellevest Inc. increased the percentage of Robert Half International stock owned by 184.6% during the second quarter. This is not the case for this to be considered the least significant development. Following the acquisition of a further 288 shares during the most recent fiscal quarter, Ellevest Inc. now holds 444 shares of the company’s stock, giving the business a market capitalization of $33,000. The vast majority of the company’s stock is owned by large financial institutions, which account for 94.13% of the total.
The following regions are served by Robert Half International Inc.’s employment and risk consulting services: North America, South America, Europe, Asia, and Australia. The company is divided into three distinct divisions, which provide services in the following areas: risk consulting, internal auditing, temporary and consultant staffing, and permanent placement staffing. In the information technology field, it recruits contract professionals and full-time employees to work in various fields, including platform systems integration, end-user technical support, and desktop support. In addition, it temporarily hires people to work in accounting, finance, and bookkeeping, as well as people to work full-time in accounting, finance, tax, and accounting operations. In addition, it seeks to fill positions such as executive and administrative assistants, receptionists, and customer service representatives with office and administrative workers on both a part-time and full-time basis by recruiting candidates for these positions.