Truist Financial Issues Positive Forecast for Korn/Ferry International (NYSE:KFY) Stock Price

Korn/Ferry International (NYSE:KFY - Get Free Report) had its price target boosted by stock analysts at Truist Financial from $80.00 to $88.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. Truist Financial's price target indicates a potential upside of 22.00% from the company's current price.

Several other research analysts have also recently issued reports on KFY. UBS Group dropped their target price on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of Korn/Ferry International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 15th.

Korn/Ferry International Trading Up 2.5%

Shares of Korn/Ferry International stock traded up $1.77 on Friday, hitting $72.13. 573,475 shares of the company traded hands, compared to its average volume of 384,084. The company has a current ratio of 1.83, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.72 billion, a PE ratio of 15.61 and a beta of 1.42. The stock's 50 day moving average price is $66.25 and its 200-day moving average price is $66.96. Korn/Ferry International has a 52 week low of $59.23 and a 52 week high of $80.64.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Wednesday, June 18th. The business services provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.26 by $0.06. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%. The company had revenue of $712.05 million for the quarter, compared to the consensus estimate of $690.07 million. During the same period last year, the business posted $1.26 EPS. Korn/Ferry International's quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts predict that Korn/Ferry International will post 4.75 EPS for the current year.

Hedge Funds Weigh In On Korn/Ferry International

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFY. Versant Capital Management Inc lifted its position in shares of Korn/Ferry International by 75.9% during the first quarter. Versant Capital Management Inc now owns 517 shares of the business services provider's stock valued at $35,000 after buying an additional 223 shares during the last quarter. CX Institutional purchased a new stake in Korn/Ferry International during the first quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd acquired a new stake in Korn/Ferry International in the first quarter valued at approximately $62,000. Wealthfront Advisers LLC purchased a new position in Korn/Ferry International in the fourth quarter worth $76,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Korn/Ferry International by 230.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock worth $93,000 after purchasing an additional 963 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn/Ferry International Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.