Korn/Ferry International (KFY) is Initiated by Deutsche Bank to Hold, Price Target at $27

Korn/Ferry International (KFY) was Initiated by Deutsche Bank to “Hold” and the brokerage firm has set the Price Target at $27. Deutsche Bank advised their investors in a research report released on Aug 18, 2016.

Many Wall Street Analysts have commented on Korn/Ferry International. Shares were Reiterated by Piper Jaffray on Jul 7, 2016 to “Neutral” and Lowered the Price Target to $ 25 from a previous price target of $31 .Shares were Downgraded by Robert W. Baird on Jun 16, 2016 to ” Neutral” and Lowered the Price Target to $ 27 from a previous price target of $35 .

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 -0.04 points or -0.17% at $23.89 with 2,60,111 shares getting traded on Wednesday. Post opening the session at $23.87, the shares hit an intraday low of $23.6699 and an intraday high of $24.0685 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 30, 2016, Robert P Rozek (CFO) purchased 1,500 shares at $19.05 per share price. According to the SEC, on Jun 30, 2016, Stephen D Kaye (CEO) purchased 5,000 shares at $19.54 per share price. On Jun 28, 2016, Gary D Burnison (CEO) purchased 12,000 shares at $20.46 per share price, according to the Form-4 filing with the securities and exchange commission.

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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