Robert Half International (RHI) is Initiated by Deutsche Bank to Buy, Price Target at $44

Robert Half International (RHI) was Initiated by Deutsche Bank to “Buy” and the brokerage firm has set the Price Target at $44. Deutsche Bank advised their investors in a research report released on Aug 18, 2016.

Many Wall Street Analysts have commented on Robert Half International. Shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Outperform” and Lowered the Price Target to $ 42 from a previous price target of $48 .Robert Half International was Downgraded by BofA/Merrill to ” Neutral” on Jul 13, 2016.

On the company’s financial health, Robert Half International reported $0.64 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.64. The company had revenue of $1302.60 million for the quarter, compared to analysts expectations of $1297.28 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Robert Half International opened for trading at $37.54 and hit $37.66 on the upside on Wednesday, eventually ending the session at $37.62, with a gain of 0.35% or 0.13 points. The heightened volatility saw the trading volume jump to 9,85,578 shares. Company has a market cap of $4,896 M.

Investors should note that on Aug 2, 2016, Robert Half International announced a cash dividend of $0.2200. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.

In a different news, on Aug 11, 2016, Robert W Glass (Executive Vice President) sold 30,061 shares at $36.92 per share price. According to the SEC, on Aug 14, 2015, Paul F Gentzkow (President & COO) sold 151,250 shares at $55.98 per share price. On Feb 24, 2015, Harold M Jr Messmer (Chairman & CEO) sold 100,000 shares at $61.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Robert Half International Inc. is engaged in providing specialized staffing and risk consulting services. The Company provides staffing and risk consulting services through the divisions: Accountemps Robert Half Finance & Accounting OfficeTeam Robert Half Technology Robert Half Management Resources Robert Half Legal The Creative Group and Protiviti. The Company operates through three segments: temporary and consultant staffing permanent placement staffing and risk consulting and internal audit services. The temporary and consultant segment provides specialized staffing in the accounting and finance administrative and office information technology legal advertising marketing and Web design fields. The permanent placement segment provides full-time personnel in the accounting finance administrative and office and information technology fields. The risk consulting segment provides business and technology risk consulting and internal audit services.

Robert Half International

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