Korn Ferry (NYSE:KFY) PT Lowered to $58.00

Korn Ferry (NYSE:KFY) had its target price cut by Sidoti from $63.00 to $58.00 in a research note published on Friday morning, BenzingaRatingsTable reports. They currently have a buy rating on the business services provider’s stock.

Several other research firms have also recently weighed in on KFY. ValuEngine upgraded Korn Ferry from a sell rating to a hold rating in a report on Tuesday, December 3rd. Zacks Investment Research raised Korn Ferry from a sell rating to a hold rating in a research note on Thursday, November 7th. Robert W. Baird reduced their target price on Korn Ferry from $42.00 to $40.00 and set a neutral rating on the stock in a research note on Friday. Finally, Credit Suisse Group decreased their target price on Korn Ferry from $40.00 to $37.00 and set an underperform rating for the company in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $48.25.

Shares of NYSE:KFY opened at $39.52 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.37 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $38.10 and a 200-day moving average price of $39.44. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 11.94 and a beta of 1.10. Korn Ferry has a 12 month low of $34.35 and a 12 month high of $49.54.

Korn Ferry (NYSE:KFY) last posted its earnings results on Thursday, December 5th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Korn Ferry had a return on equity of 14.73% and a net margin of 9.10%. The company had revenue of $492.40 million for the quarter, compared to analysts’ expectations of $494.92 million. During the same period last year, the firm earned $0.85 earnings per share. Korn Ferry’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts forecast that Korn Ferry will post 3.19 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Voloridge Investment Management LLC bought a new stake in shares of Korn Ferry during the 3rd quarter valued at about $887,000. Barclays PLC lifted its holdings in Korn Ferry by 22.2% in the third quarter. Barclays PLC now owns 78,528 shares of the business services provider’s stock worth $3,035,000 after buying an additional 14,256 shares during the period. California State Teachers Retirement System lifted its holdings in Korn Ferry by 1.2% in the third quarter. California State Teachers Retirement System now owns 87,929 shares of the business services provider’s stock worth $3,398,000 after buying an additional 1,051 shares during the period. Voya Investment Management LLC boosted its position in Korn Ferry by 647.5% during 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 acquiring an additional 368,673 shares in the last quarter. Finally, Paradice Investment Management LLC boosted its position in Korn Ferry by 18.0% during the 3rd quarter. Paradice Investment Management LLC now owns 160,250 shares of the business services provider’s stock valued at $6,192,000 after acquiring an additional 24,426 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Company Profile

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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