Has Deutsche Bank Lost Faith in Robert Half International (NYSE:RHI) After Recent Downgrade


Robert Half International (NYSE:RHI) Receives a Downgrade

In a note issued on 9 December, Deutsche Bank downgraded Robert Half International (NYSE:RHI) shares to a “Hold” rating from the previous “Buy”. Deutsche Bank now has a $47.00 target price per share on the stock. This target price per share implies a possible downside, according to the firm, of -1.22% from stock close price of the stock.

From a total of 12 analysts covering Robert Half International (NYSE:RHI) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is $66 while the lowest target price is $50. The mean of all analyst targets is $60 with a 19.85% above today’s ($47.35) stock price. Robert Half International was the topic of 5 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on October 23 with “Neutral” rating. RBC Capital Markets maintained RHI stock in a recent report from October 22 with “Outperform” rating.

Approximately 1.10M shares of stock traded hands or 26.07% up from the average. Robert Half International Inc. (NYSE:RHI) has declined 9.38% since May 6, 2015 and is downtrending. It has underperformed by 8.58% the S&P500.

The overall sentiment of institutions has increased to 1.15 in Q2 2015. Its up 0.30, from 0.85 in 2015Q2. The ratio increased, as 39 institutions have sold all the shares of Robert Half International Inc. that they owned while 140 funds have taken shares off the table. 48 funds have purchased shares for the first time while 157 added to their positions. These institutions now hold 101.22 million shares or 12.15% less than the 115.22 million shares they owned in 2015Q2.

The Fund Crystal Rock Capital Management currently is holding shares equating to 4.94% of its total portfolio in Robert Half International Inc. representing a total of 128,205 shares. Another fund,Dudley & Shanley Llc, is holding a total of 385,375 shares equating to 4.37% of their holdings. Additionally, Reliant Investment Management Llc has a 54,755 share stake in Robert Half International Inc. which represents 2.75% of their total portfolio. The Fund, Stanley Capital Management Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 2.62% of their total portfolio. Finally New Amsterdam Partners Llc Ny, a fund which is based in the state of New York reported a total holdings of 388,171 shares.

Insider activity is a very important aspect to track on any stock. Going back to August 13, 2015, shareholders of Robert Half International Inc. have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $8.47 million . Gentzkow Paul F sold 151,250 shares worth approximately $8.47M.

Robert Half International Inc. is engaged in providing specialized staffing and risk consulting services. The company has a market cap of $6.57 billion. The Firm 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. It has 18.18 P/E ratio. The Firm operates through three divisions: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.

According to Zacks Investment Research, “Robert Half International Inc. is the world’s largest specialized provider of temporary and permanent personnel in the fields of accounting and finance. Its divisions include ACCOUNTEMPS-Registered Trademark- and ROBERT HALF-Registered Trademark-, providers of temporary and permanent personnel, respectively, in the fields of accounting and finance.” Get a free copy of the Zacks research report on Robert Half International Inc. (RHI).