Report
Keith Schoonmaker
EUR 100.00 For Business Accounts Only

Robert Half and Manpower Will Benefit From Tight Labor Markets, but Shares Are Fairly Valued

After reviewing our revenue and margin assumptions for Robert Half and Manpower, we are maintaining our narrow-moat and stable moat trend rating for Robert Half as well as our no-moat and stable moat trend rating for Manpower. However, we are lowering our fair value estimate for Robert Half to $56 from $71 and for Manpower to $87 from $103. Currently, both staffers look fairly valued following our updated valuations, and of the two, we prefer Robert Half because of the pricing power it commands ...
Underlying
Robert Half International Inc.

Robert Half International provides staffing and risk consulting services. The company, through its Accountemps, Robert Half Finance & Accounting, and Robert Half Management Resources divisions, is a provider of temporary, full-time, and project personnel in accounting and finance fields. The company's OfficeTeam division places office and administrative personnel, ranging from executive and administrative assistants to receptionists and customer service representatives. The Robert Half Technology division provides information technology contract consultants, places employees, and provides managed services in areas ranging from multiple platform systems integration to end-user technical and desktop support.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Keith Schoonmaker

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch