J.P. Morgan Chase & Co. is out with a research report on Robert Half International RHI and it has an Overweight rating and a $40 price target on shares.
In a note to clients, J.P. Morgan Chase & Co. writes, "On Tuesday evening, professional staffer Robert Half reported 3Q11 EPS of $0.31, a $0.04 beat to our estimate. RHI continued to show double-digit y/y growth throughout all its business segments, reflecting still solid fundamentals in the US and Continental European flex staffing markets. Importantly, flex gross margins continued to soar (up ~150bps y/y), helped by on-going increases in RHI's bill rates. Mgmt also indicated a healthy revenue and margin outlook for 4Q11."
Shares of RHI lost 80 cents yesterday to close at $25.27.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in