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

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

Other equities analysts have also issued reports about the stock. UBS Group lifted their target price on shares of Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Wall Street Zen upgraded Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings upgraded Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.67.

Korn/Ferry International Trading Up 1.5%

Shares of Korn/Ferry International stock traded up $1.10 on Tuesday, hitting $73.76. The stock had a trading volume of 64,513 shares, compared to its average volume of 504,531. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a one year low of $58.95 and a one year high of $78.50. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 14.64 and a beta of 1.21. The stock’s 50-day simple moving average is $66.22 and its two-hundred day simple moving average is $65.64.

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 analysts’ consensus estimates of $1.24 by $0.04. The company had revenue of $725.04 million during the quarter, compared to analyst estimates of $692.45 million. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. Korn/Ferry International’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, sell-side analysts predict that Korn/Ferry International will post 5.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFY. Wellington Management Group LLP grew its position in Korn/Ferry International by 48.3% in the third quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider’s stock worth $243,221,000 after acquiring an additional 1,132,473 shares in the last quarter. Norges Bank bought a new stake in Korn/Ferry International in the fourth quarter worth about $43,163,000. Adage Capital Partners GP L.L.C. bought a new stake in Korn/Ferry International in the second quarter worth about $32,559,000. Boston Partners bought a new stake in Korn/Ferry International in the fourth quarter worth about $26,081,000. Finally, Bank of America Corp DE lifted its stake in Korn/Ferry International by 68.4% in the second quarter. Bank of America Corp DE now owns 665,145 shares of the business services provider’s stock worth $48,775,000 after purchasing an additional 270,256 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

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.