Robert Half | RHI | Long at $37.58Robert Half NYSE:RHI is a company that provides talent solutions and business consulting services in the US and internationally. It's a cyclical stock. Currently, the price has entered my "crash" simple moving average zone ($37-$33) and has historical bounced from this area. This doesn't mean the "major crash" area won't be reached ($26-$21 or below), but the company has been around since 1948 and survived many hurdles along the way.
Earnings are forecast to grow 8% annually and it has a 6.3% dividend. P/E = 21x and financially healthy (low debt-to-equity: .2x, low bankruptcy risk/Altmans Z Score: 5; and enough cash to pay current bills/quick ratio: 1.6).
Regardless of bottom predictions, I think there is a high chance the stock may reach $33 before a slight bounce. If the market flips for a bit, that "major crash" area ($20s) may be hit.
So, a starter position for NYSE:RHI has been created at $37.58 with additional entries near $33 and $25-$26.
Targets into 2028:
$46.00 (+22.4%)
$53.00 (+41.0%)
