Korn Ferry (NYSE:KFY) Receives $50.00 Consensus PT from Analysts

Korn Ferry (NYSE:KFY) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $50.00.

Several equities analysts have recently issued reports on KFY shares. Sidoti decreased their price objective on Korn Ferry from $72.00 to $63.00 and set a “buy” rating for the company in a report on Friday, September 6th. Credit Suisse Group decreased their price objective on Korn Ferry from $40.00 to $37.00 and set an “underperform” rating for the company in a report on Friday, September 6th. ValuEngine raised Korn Ferry from a “sell” rating to a “hold” rating in a report on Tuesday. Robert W. Baird set a $42.00 price objective on Korn Ferry and gave the company a “hold” rating in a report on Friday, September 6th. Finally, Zacks Investment Research raised Korn Ferry from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Several hedge funds have recently modified their holdings of KFY. Invesco Ltd. increased its stake in shares of Korn Ferry by 1,410.4% in the 2nd quarter. Invesco Ltd. now owns 2,205,076 shares of the business services provider’s stock valued at $88,357,000 after purchasing an additional 2,059,086 shares in the last quarter. Morgan Stanley increased its stake in shares of Korn Ferry by 316.1% in the 2nd quarter. Morgan Stanley now owns 625,414 shares of the business services provider’s stock valued at $25,060,000 after purchasing an additional 475,104 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Korn Ferry by 4,398.6% in the 2nd quarter. Janus Henderson Group PLC now owns 462,055 shares of the business services provider’s stock valued at $18,515,000 after purchasing an additional 451,784 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Korn Ferry by 647.5% in the 3rd quarter. Voya Investment Management LLC now owns 425,610 shares of the business services provider’s stock valued at $16,445,000 after purchasing an additional 368,673 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Korn Ferry by 48.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,113,171 shares of the business services provider’s stock valued at $44,605,000 after purchasing an additional 360,926 shares in the last quarter. 90.27% of the stock is owned by institutional investors and hedge funds.

KFY traded up $0.58 on Wednesday, reaching $39.85. 393,000 shares of the stock were exchanged, compared to its average volume of 362,747. The company’s 50-day moving average price is $37.87 and its 200 day moving average price is $39.53. Korn Ferry has a fifty-two week low of $34.35 and a fifty-two week high of $49.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a market capitalization of $2.20 billion, a PE ratio of 12.04 and a beta of 1.10.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The firm had revenue of $484.50 million for the quarter, compared to analyst estimates of $475.35 million. Korn Ferry had a return on equity of 15.26% and a net margin of 9.25%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. As a group, equities analysts forecast that Korn Ferry will post 3.25 earnings per share for the current fiscal year.

About Korn Ferry

Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.

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Analyst Recommendations for Korn Ferry (NYSE:KFY)

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