Korn/Ferry International (KFY) Given New $40.00 Price Target at Deutsche Bank AG
Korn/Ferry International (NYSE:KFY) had its price target raised by research analysts at Deutsche Bank AG from $34.00 to $40.00 in a research note issued on Thursday. The firm currently has a “hold” rating on the business services provider’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 20.48% from the stock’s current price.
A number of other analysts have also issued reports on KFY. Sidoti began coverage on Korn/Ferry International in a research note on Monday, June 12th. They issued a “buy” rating and a $43.00 price target on the stock. BidaskClub lowered Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research lowered Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.60.
Korn/Ferry International (NYSE KFY) traded up 6.913% during midday trading on Thursday, hitting $35.495. 634,455 shares of the stock were exchanged. Korn/Ferry International has a 1-year low of $19.94 and a 1-year high of $36.07. The stock has a market cap of $2.02 billion, a PE ratio of 24.212 and a beta of 1.39. The company’s 50 day moving average is $33.07 and its 200-day moving average is $32.52.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million for the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. On average, analysts expect that Korn/Ferry International will post $2.44 earnings per share for the current year.
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In other Korn/Ferry International news, CEO Gary D. Burnison sold 40,000 shares of Korn/Ferry International stock in a transaction on Monday, July 10th. The stock was sold at an average price of $34.73, for a total value of $1,389,200.00. Following the sale, the chief executive officer now owns 251,485 shares in the company, valued at $8,734,074.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary D. Burnison sold 58,837 shares of Korn/Ferry International stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $34.41, for a total value of $2,024,581.17. Following the completion of the sale, the chief executive officer now owns 251,485 shares in the company, valued at approximately $8,653,598.85. The disclosure for this sale can be found here. Insiders sold 183,837 shares of company stock worth $6,336,501 in the last 90 days. Company insiders own 1.01% of the company’s stock.
A number of large investors have recently bought and sold shares of KFY. UBS Asset Management Americas Inc. raised its holdings in shares of Korn/Ferry International by 4.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 22,877 shares of the business services provider’s stock valued at $673,000 after buying an additional 879 shares during the period. Teachers Advisors LLC raised its holdings in shares of Korn/Ferry International by 1.9% in the 4th quarter. Teachers Advisors LLC now owns 91,046 shares of the business services provider’s stock valued at $2,679,000 after buying an additional 1,698 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Korn/Ferry International by 1.4% in the 1st quarter. Russell Investments Group Ltd. now owns 614,890 shares of the business services provider’s stock valued at $19,362,000 after buying an additional 8,431 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Korn/Ferry International by 4.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 80,801 shares of the business services provider’s stock valued at $2,544,000 after buying an additional 3,553 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Korn/Ferry International by 42.8% in the 1st quarter. First Trust Advisors LP now owns 28,676 shares of the business services provider’s stock valued at $903,000 after buying an additional 8,592 shares during the period. Institutional investors own 86.92% of the company’s stock.
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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