Korn/Ferry International (KFY) Receives $42.50 Consensus PT from Analysts
Shares of Korn/Ferry International (NYSE:KFY) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $42.50.
Several brokerages have weighed in on KFY. ValuEngine upgraded Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Robert W. Baird restated a “hold” rating and issued a $45.00 price target on shares of Korn/Ferry International in a research note on Thursday, December 7th. Finally, SunTrust Banks restated a “buy” rating and issued a $42.00 price target on shares of Korn/Ferry International in a research note on Friday, October 20th.
Institutional investors have recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new stake in shares of Korn/Ferry International in the fourth quarter valued at approximately $159,000. LS Investment Advisors LLC boosted its stake in shares of Korn/Ferry International by 138.0% in the fourth quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock valued at $193,000 after buying an additional 2,701 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of Korn/Ferry International in the third quarter valued at approximately $208,000. CAPROCK Group Inc. purchased a new stake in shares of Korn/Ferry International in the fourth quarter valued at approximately $208,000. Finally, First Quadrant L P CA purchased a new stake in shares of Korn/Ferry International in the third quarter valued at approximately $212,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.
Korn/Ferry International (NYSE:KFY) last announced its earnings results on Wednesday, December 6th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. The company had revenue of $443.02 million for the quarter, compared to the consensus estimate of $424.09 million. During the same period last year, the business posted $0.59 EPS. The company’s revenue was up 10.2% on a year-over-year basis. research analysts expect that Korn/Ferry International will post 2.49 EPS for the current year.
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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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