Korn/Ferry International (KFY) is Downgraded by Robert W. Baird to Neutral, Lowers Price Target to $ 27

Korn/Ferry International (KFY) was Downgraded by Robert W. Baird to ” Neutral” while Lowering the Price Target of the company shares to $ 27 from a previous price target of $35 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Jun 16, 2016.

Many Wall Street Analysts have commented on Korn/Ferry International. Korn/Ferry International was Upgraded by Macquarie to ” Outperform” on Apr 8, 2016.

On the company’s financial health, Korn/Ferry International reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 15, 2016. Analyst had a consensus of $0.54. The company had revenue of $417.10 million for the quarter, compared to analysts expectations of $408.41 million. The company’s revenue was up 47.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Korn/Ferry International closed down -0.71 points or -2.51% at $27.62 with 8,88,616 shares getting traded on Wednesday. Post opening the session at $28.33, the shares hit an intraday low of $27.59 and an intraday high of $28.46 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 18, 2015, Harry L. You (director) sold 4,000 shares at $34.63 per share price. According to the SEC, on Jun 19, 2015, Robert P Rozek (EVP and CFO) sold 2,969 shares at $35.10 per share price.

Korn/Ferry International offers leadership and talent consulting services. The Company provides executive recruitment leadership development enterprise learning succession planning and recruitment process outsourcing. Its business segments include Executive Recruitment Leadership & Talent Consulting (LTC) and Professional Search and Recruitment Process Outsourcing (Futurestep). Its executive recruitment services are used to fill executive-level positions such as board directors chief executive officers chief financial officers chief operating officers chief information officers and other senior executive officers. Its strategic management assessment and executive coaching and development services are consolidated under the LTC segment. Its subsidiary Futurestep offers talent acquisition solutions including recruitment process outsourcing project recruitment professional search talent consulting and talent communications. It operates in around 37 countries.

Korn/Ferry International

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