Deutsche Bank Starts Robert Half (RHI) at Buy

August 18, 2016 7:11 AM EDT
Get Alerts RHI Hot Sheet
Price: $38.66 -0.57%

Rating Summary:
    8 Buy, 7 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
Trade RHI Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Deutsche Bank initiated coverage on Robert Half (NYSE: RHI) with a Buy rating and a price target of $44.00. Analyst Kevin McVeigh said the stock's historical trading patterns suggest 15-20% upside potential.

"Robert Half is the pre-eminent US specialty staffing company, ideally, we would prefer to see signs of stability at Protiviti [~15% of revenues + EBIT] and downward estimate revisions, but the stock looks too low not to recommend. With a strong brand due to its long history, market leading position, and management’s impressive execution developing and growing the business, its pre-eminence positions Robert Half to attract and retain high quality candidates, temps and employees. The importance of Robert Half’s brands should not be underestimated, particularly since it is in a service business driven by people. Robert Half has used its strength in accounting and finance permanent and temp placement to expand into other staffing niches, such as IT, legal, and advertising, as well as internationally. The company also moved up-market (utilization risk) when it acquired the internal audit practice of Arthur Andersen to create Protiviti in 2002," said the analyst.

For an analyst ratings summary and ratings history on Robert Half click here. For more ratings news on Robert Half click here.

Shares of Robert Half closed at $37.62 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, New Coverage

Related Entities

Deutsche Bank

Add Your Comment