Korn/Ferry International (KFY) Given New $40.00 Price Target at Credit Suisse Group

Korn/Ferry International (NYSE:KFY) had its price objective cut by Credit Suisse Group from $44.00 to $40.00 in a research report report published on Friday morning. They currently have an underperform rating on the business services provider’s stock.

Several other research firms also recently commented on KFY. Zacks Investment Research downgraded Korn/Ferry International from a buy rating to a hold rating in a report on Thursday, November 8th. TheStreet downgraded Korn/Ferry International from an a- rating to a c+ rating in a report on Friday, September 7th. ValuEngine downgraded Korn/Ferry International from a buy rating to a hold rating in a report on Monday, September 10th. Finally, SunTrust Banks dropped their target price on Korn/Ferry International to $63.00 and set a buy rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Korn/Ferry International presently has a consensus rating of Hold and an average price target of $58.25.

Korn/Ferry International stock traded down $0.86 during mid-day trading on Friday, hitting $43.65. The company had a trading volume of 615,191 shares, compared to its average volume of 381,500. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.18. Korn/Ferry International has a 12 month low of $38.53 and a 12 month high of $68.98. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.05 and a beta of 1.18.

Korn/Ferry International (NYSE:KFY) last released its earnings results on Thursday, December 6th. The business services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Korn/Ferry International had a return on equity of 14.97% and a net margin of 3.92%. The business had revenue of $495.20 million for the quarter, compared to the consensus estimate of $485.94 million. During the same period in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that Korn/Ferry International will post 3.33 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Thursday, December 20th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.92%. The ex-dividend date is Wednesday, December 19th. Korn/Ferry International’s dividend payout ratio (DPR) is 14.71%.

Several large investors have recently made changes to their positions in the company. Advisors Preferred LLC lifted its holdings in shares of Korn/Ferry International by 102.6% during the second quarter. Advisors Preferred LLC now owns 1,732 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 877 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Korn/Ferry International by 6.8% during the second quarter. Crossmark Global Holdings Inc. now owns 13,853 shares of the business services provider’s stock valued at $858,000 after purchasing an additional 880 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Korn/Ferry International by 6.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 18,177 shares of the business services provider’s stock valued at $1,126,000 after purchasing an additional 1,068 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Korn/Ferry International by 11.6% during the second quarter. United Services Automobile Association now owns 12,228 shares of the business services provider’s stock valued at $757,000 after purchasing an additional 1,268 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Korn/Ferry International by 3.4% during the third quarter. American International Group Inc. now owns 45,030 shares of the business services provider’s stock valued at $2,217,000 after purchasing an additional 1,490 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

About Korn/Ferry International

Korn/Ferry International, 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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