Shares of staffing company Robert Half International (NYSE:RHI) are down almost 10% today after a downgrade from JPMorgan (NYSE:JPM). Analyst Andrew Steinerman cited the company’s exposure to small and medium-sized clients, which he believes are more certain to economic uncertainties. As a result, he placed a Hold rating on the stock.
Robert Half’s recent Q3 earnings report appears to justify Andrew Steinerman’s view, as the company missed expectations. Adjusted EPS was $1.53 compared to estimates of $1.62.
Is RHI Stock a Buy?
Overall, RHI stock has a Hold consensus rating based on two Buys, two Holds, and two Sells assigned in the past three months. The average RHI stock price target of $86.17 implies 18.2% upside potential.
