Korn/Ferry International (KFY) Given Average Rating of “Hold” by Analysts
Korn/Ferry International (NYSE:KFY) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.50.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Korn/Ferry International from a “sell” rating to a “hold” rating in a research report on Wednesday, November 9th. Deutsche Bank AG assumed coverage on shares of Korn/Ferry International in a research report on Wednesday, August 17th. They set a “hold” rating and a $27.00 target price on the stock. Finally, Robert W. Baird lowered their target price on shares of Korn/Ferry International from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, September 9th.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised 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 period. Teacher Retirement System of Texas raised its position in 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 period. Pacad Investment Ltd. purchased a new position in Korn/Ferry International during the second quarter worth $137,000. PineBridge Investments L.P. raised its position in 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 period. Finally, Tower Research Capital LLC TRC purchased a new position in Korn/Ferry International during the second quarter worth $188,000. Hedge funds and other institutional investors own 85.26% of the company’s stock.
Korn/Ferry International (NYSE:KFY) traded up 1.16% during trading on Wednesday, hitting $23.62. 156,512 shares of the company traded hands. Korn/Ferry International has a 52-week low of $18.57 and a 52-week high of $38.93. The company’s 50-day moving average is $20.97 and its 200 day moving average is $23.67. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 116.93 and a beta of 1.28.
Korn/Ferry International (NYSE:KFY) last announced its earnings results on Thursday, September 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $392.90 million for the quarter. Korn/Ferry International had a return on equity of 11.83% and a net margin of 0.76%. The company’s revenue was up 40.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. On average, equities analysts anticipate that Korn/Ferry International will post $2.24 earnings per share for the current year.
About Korn/Ferry International
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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