Brokerages Set Korn/Ferry International (KFY) Price Target at $29.50
Korn/Ferry International (NYSE:KFY) has received a consensus rating of “Hold” from the seven analysts that are covering the firm. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $29.50.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Korn/Ferry International from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $25.00 price objective (down previously from $31.00) on shares of Korn/Ferry International in a report on Thursday, July 7th. TheStreet cut Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Deutsche Bank AG assumed coverage on Korn/Ferry International in a report on Wednesday, August 17th. They issued a “hold” rating and a $27.00 price objective for the company. Finally, Robert W. Baird decreased their price objective on Korn/Ferry International from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, September 9th.
A number of institutional investors have recently added to or reduced their stakes in KFY. BlackRock Inc. boosted its position in Korn/Ferry International by 117.0% in the first quarter. BlackRock Inc. now owns 3,516 shares of the company’s stock worth $100,000 after buying an additional 1,896 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Korn/Ferry International by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 6,468 shares of the company’s stock worth $134,000 after buying an additional 141 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Korn/Ferry International during the second quarter worth approximately $137,000. PineBridge Investments L.P. boosted its position in shares of Korn/Ferry International by 3.8% in the second quarter. PineBridge Investments L.P. now owns 7,264 shares of the company’s stock worth $151,000 after buying an additional 265 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Korn/Ferry International during the second quarter worth approximately $188,000. 84.56% of the stock is owned by institutional investors.
Korn/Ferry International (NYSE:KFY) opened at 20.80 on Wednesday. The firm’s 50-day moving average price is $22.07 and its 200 day moving average price is $24.87. The stock has a market cap of $1.20 billion, a PE ratio of 102.97 and a beta of 1.56. Korn/Ferry International has a 12-month low of $18.57 and a 12-month high of $38.93.
Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm had revenue of $392.90 million for the quarter. Korn/Ferry International had a net margin of 0.76% and a return on equity of 11.83%. The business’s revenue was up 40.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Analysts anticipate that Korn/Ferry International will post $2.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Monday, September 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.92%. Korn/Ferry International’s payout ratio is 190.49%.
Korn/Ferry International Company Profile
Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.
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