Korn/Ferry International (NYSE:KFY) Given New $80.00 Price Target at Truist Financial

Korn/Ferry International (NYSE:KFY) had its target price hoisted by equities researchers at Truist Financial from $75.00 to $80.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price indicates a potential upside of 8.47% from the company’s current price.

A number of other brokerages also recently weighed in on KFY. UBS Group boosted their price target on Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Wall Street Zen raised Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings raised shares of Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.67.

Korn/Ferry International Trading Up 1.5%

KFY traded up $1.10 during mid-day trading on Tuesday, reaching $73.76. The stock had a trading volume of 64,513 shares, compared to its average volume of 504,531. The firm’s fifty day simple moving average is $66.22 and its two-hundred day simple moving average is $65.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market capitalization of $3.83 billion, a P/E ratio of 14.64 and a beta of 1.21. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $78.50.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Monday, March 9th. The business services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. Korn/Ferry International had a return on equity of 14.36% and a net margin of 9.29%.The firm had revenue of $725.04 million for the quarter, compared to analyst estimates of $692.45 million. During the same period in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts predict that Korn/Ferry International will post 5.29 EPS for the current year.

Institutional Trading of Korn/Ferry International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in Korn/Ferry International by 69.4% during the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock worth $33,000 after purchasing an additional 206 shares in the last quarter. Kestra Investment Management LLC increased its holdings in Korn/Ferry International by 71.8% during the 2nd quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock worth $42,000 after purchasing an additional 242 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Korn/Ferry International by 200.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Clearstead Advisors LLC increased its holdings in Korn/Ferry International by 30,350.0% during the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock worth $40,000 after purchasing an additional 607 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Korn/Ferry International by 160.4% during the 3rd quarter. Federated Hermes Inc. now owns 664 shares of the business services provider’s stock worth $46,000 after purchasing an additional 409 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

About Korn/Ferry International

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.