Korn/Ferry International (NYSE:KFY) Price Target Raised to $85.00

Korn/Ferry International (NYSE:KFY) had its target price increased by research analysts at Robert W. Baird from $84.00 to $85.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 18.10% from the company’s previous close.

Several other equities analysts have also issued reports on KFY. Wall Street Zen raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. UBS Group boosted their target price on Korn/Ferry International from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Weiss Ratings upgraded Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Finally, Truist Financial raised their price target on Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.25.

Korn/Ferry International Stock Performance

Shares of NYSE:KFY opened at $71.97 on Wednesday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 14.22 and a beta of 1.21. The firm’s 50 day simple moving average is $68.21 and its 200 day simple moving average is $66.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $78.50.

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

Institutional Trading of Korn/Ferry International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Elo Mutual Pension Insurance Co raised its stake in shares of Korn/Ferry International by 112.6% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 31,929 shares of the business services provider’s stock worth $2,234,000 after purchasing an additional 16,913 shares in the last quarter. Royce & Associates LP increased its holdings in Korn/Ferry International by 28.2% during the third quarter. Royce & Associates LP now owns 661,915 shares of the business services provider’s stock worth $46,321,000 after buying an additional 145,520 shares during the last quarter. Vanguard Group Inc. increased its holdings in Korn/Ferry International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,159,477 shares of the business services provider’s stock worth $406,649,000 after buying an additional 44,425 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Korn/Ferry International by 108.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 33,514 shares of the business services provider’s stock worth $2,346,000 after acquiring an additional 17,414 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Korn/Ferry International in the 3rd quarter valued at about $3,234,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

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.