Korn/Ferry International (NYSE:KFY) Given New $75.00 Price Target at UBS Group

Korn/Ferry International (NYSE:KFY) had its price objective raised by equities research analysts at UBS Group from $70.00 to $75.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 4.21% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Weiss Ratings raised shares of Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Robert W. Baird boosted their target price on shares of Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Truist Financial lifted their target price on Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.50.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY opened at $71.97 on Wednesday. The firm has a market cap of $3.73 billion, a PE ratio of 14.22 and a beta of 1.21. Korn/Ferry International has a 12-month low of $58.95 and a 12-month high of $78.50. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $68.21 and its two-hundred day moving average price is $66.17.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $768.26 million during the quarter, compared to analysts’ expectations of $743.35 million. Korn/Ferry International had a return on equity of 14.36% and a net margin of 9.29%.The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Equities research analysts predict that Korn/Ferry International will post 5.29 earnings per share for the current year.

Institutional Investors Weigh In On Korn/Ferry International

Large investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in Korn/Ferry International by 22.7% during the 1st quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider’s stock valued at $775,000 after acquiring an additional 2,112 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Korn/Ferry International by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider’s stock worth $2,073,000 after purchasing an additional 1,009 shares during the last quarter. Millennium Management LLC grew its position in Korn/Ferry International by 566.9% during the first quarter. Millennium Management LLC now owns 124,786 shares of the business services provider’s stock valued at $8,464,000 after buying an additional 106,076 shares during the period. United Services Automobile Association bought a new stake in shares of Korn/Ferry International during the 1st quarter valued at $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Korn/Ferry International by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider’s stock worth $11,704,000 after buying an additional 11,020 shares in the last quarter. 98.82% of the stock is currently 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.