What is the best trade option for Robert Half Inc (RHI) stock?

Robert Half Inc [RHI] stock is trading at $62.70, up 2.80%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RHI shares have gain 4.15% over the last week, with a monthly amount drifted -3.42%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Robert Half Inc [NYSE: RHI] stock has seen the most recent analyst activity on June 11, 2024, when Exane BNP Paribas upgraded its rating to a Outperform but kept the price target unchanged to $80 for it. Previously, Truist upgraded its rating to Hold on April 22, 2024, and kept the price target unchanged to $72. On November 07, 2023, UBS initiated with a Sell rating and assigned a price target of $60 on the stock. Redburn started tracking the stock assigning a Neutral rating and suggested a price target of $76 on June 20, 2023. UBS initiated its recommendation with a Buy and recommended $82 as its price target on June 01, 2023. Exane BNP Paribas started tracking with a Underperform rating for this stock on January 05, 2023, and assigned it a price target of $70.

Robert Half Inc [RHI] stock has fluctuated between $57.05 and $88.39 over the past year. Currently, Wall Street analysts expect the stock to reach $68.67 within the next 12 months. Robert Half Inc [NYSE: RHI] shares were valued at $62.70 at the most recent close of the market. An investor can expect a potential return of 9.52% based on the average RHI price forecast.

Analyzing the RHI fundamentals

Robert Half Inc [NYSE:RHI] reported sales of 5.99B for the trailing twelve months, which represents a drop of -10.18%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.2 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.80 points at the first support level, and at 60.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.15, and for the 2nd resistance point, it is at 63.61.

Ratios To Look Out For

For context, Robert Half Inc’s Current Ratio is 1.74. In addition, the Quick Ratio stands at 1.74 and the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 4.41 and price to earnings (TTM) ratio is 20.87.

Transactions by insiders

Recent insider trading involved Kempthorne Dirk A, Director, that happened on Aug 01 ’24 when 1300.0 shares were sold. Director, Dirk A. Kempthorne completed a deal on Aug 01 ’24 to buy 1300.0 shares. Meanwhile, Director Kempthorne Dirk A sold 2221.0 shares on May 08 ’24.

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