BMO Capital Issues a Hold Rating on Robert Half

By Ryan Adsit

In a report released yesterday, Jeffrey Silber from BMO Capital reiterated a Hold rating on Robert Half (NYSE: RHI), with a price target of $45. The company’s shares closed yesterday at $45.91.

According to TipRanks.com, Silber is a top 100 analyst with an average return of 17.8% and a 78.9% success rate. Silber covers the Services sector, focusing on stocks such as Apollo Education Group Inc, American Public Education, and Capella Education Company.

Robert Half has an analyst consensus of Hold, with a price target consensus of $46.50.

Based on Robert Half’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.27 billion and quarterly net profit of $77.79 million. In comparison, last year the company earned revenue of $1.3 billion and had a net profit of $83.42 million.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Robert W. Glass, the EVP of RHI sold 30,061 shares for a total of $1,109,852.

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Robert Half International, Inc. engages in the provision of specialized and risk consulting services. The firm’s divisions include Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, the Creative Group, and Protiviti. It operates through the following segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. The Temporary and Consultant Staffing segment provides specialized staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing and web design fields. The Permanent Placement Staffing segment offers full-time personnel in the accounting, finance, administrative and office, and information technology fields. The Risk Consulting and Internal Audit Services segment consists of business and technology risk consulting and internal audit services. The company was founded by Robert Half in 1948 and is headquartered in Menlo Park, CA.