Korn/Ferry International (KFY) Trading Up 2.6%
Shares of Korn/Ferry International (NYSE:KFY) were up 2.6% during mid-day trading on Thursday . The stock traded as high as $24.46 and last traded at $24.45, with a volume of 302,505 shares trading hands. The stock had previously closed at $23.84.
Several analysts have recently issued reports on KFY shares. Robert W. Baird cut shares of Korn/Ferry International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $27.00 in a research note on Thursday, June 16th. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Friday, June 17th. TheStreet cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $25.00 price target (down from $31.00) on shares of Korn/Ferry International in a research report on Thursday, July 7th. Finally, 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 price target for the company. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.40.
The firm has a market capitalization of $1.41 billion and a PE ratio of 42.47. The firm has a 50 day moving average price of $23.58 and a 200 day moving average price of $26.14.
Korn/Ferry International (NYSE:KFY) last released its earnings results on Wednesday, June 15th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. The business had revenue of $417.20 million for the quarter. Korn/Ferry International’s revenue was up 47.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Equities analysts anticipate that Korn/Ferry International will post $2.32 earnings per share for the current year.
In other Korn/Ferry International news, CFO Robert P. Rozek bought 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired at an average cost of $19.05 per share, with a total value of $28,575.00. Following the completion of the purchase, the chief financial officer now directly owns 76,558 shares in the company, valued at $1,458,429.90. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephen D. Kaye bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average cost of $19.54 per share, with a total value of $97,700.00. Following the completion of the purchase, the chief executive officer now owns 31,110 shares of the company’s stock, valued at $607,889.40. The disclosure for this purchase can be found here.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.